Predators seeking rich pickings in aerospace
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Government closely monitoring Cobham s takeover bid for Ultra Electronics
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Private equity swoops on British defence giant: Ministers told to block £2.6bn takeover of Ultra Electronics by Cobham owner Advent
The defence group s board said it was minded to back the offer of 3500p per share from US buyout firm Advent
The approach by Advent came through Cobham, another UK defence firm it bought last year in a bitterly-contested deal
Any deal is likely to trigger an official review due to the highly-sensitive technology Ultra supplies to the armed forces, particularly the Royal Navy
In a bid to ensure the deal goes through, Advent has said it is prepared to make national security undertakings