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Cobham announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board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