Leadsom intervenes in takeover of defence supplier Cobham
(The Guardian Business News)

National security cited after investors accept offer from America´s AdventThe government has intervened in the £4bn takeover of Cobham, a UK aerospace and defence supplier, by a US private equity firm on the grounds of national security.Andrea Leadsom, the business secretary, has instructed the Competition and Markets Authority to investigate the takeover of Cobham, a world leader in systems for planes to refuel in mid-air, by Advent International. Continue reading...