logo
Plus   Neg
Share
Email

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Cobham announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board of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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Hong Kong-listed Samsonite International S.A., the world's biggest luggage maker, tumbled almost 10 percent in Thursday's trading after a short seller issued a report saying that the company suffered from questionable accounting practices and poor corporate governance. Trading in Samsonite's shares were halted after the report was released. In a move likely to add to concerns about the possibility of a global trade war, the Commerce Department has initiated an investigation into whether imports of automobiles and parts threaten to impair U.S. national security. Commerce Secretary Wilbur Ross launched the investigation under Section 232... German banking giant Deutsche Bank announced Thursday more than 7000 job cuts in its Equities Sales & Trading business, in its efforts to cut costs following weak trading performance. The company sees restructuring charges of up to 800 million euros in its 2018 results. Deutsche Bank shares were losing in German trading as well as on pre-market trading in NYSE.
Follow RTT