logo
Share SHARE
FONT-SIZE Plus   Neg

Cobham Acquires 1.29 Mln Shares In Thrane & Thrane - Quick Facts

Cobham PLC (COB.L) announced the acquisition of 1.29 million Thrane & Thrane A/S shares at a price of DKK420 per share in cash from Jupiter Asset Management Limited and other institutional shareholders, representing approximately 22.74 percent of the issued share capital of Thrane & Thrane.

Cobham has notified the Board of Thrane & Thrane that, taken together with market purchases, it now owns 1.45 million shares, representing approximately 25.6 percent of the issued share capital of Thrane & Thrane.

Cobham stated that it is continuing to consider all options available to it in relation to Thrane & Thrane.

Cobham announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board of Thrane & Thrane felt unable to recommend its proposal. Cobham reserved the right to reconsider its position at any time.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
Follow RTT