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Cobham announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board of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
A United Airlines flight from Shanghai to New Jersey was delayed for hours as an unruly passenger refused to vacate the seat of another passenger while boarding the aircraft in Shanghai. The flight was also forced to make an unscheduled stop at San Francisco International Airport to get a replacement crew after delays caused by the passenger. Nacho cheese sauce sold at a Sacramento gas station has tested positive for the toxin that causes botulism and killed one person, according to health officials. The California Department of Public Health or CDPH said it has confirmed that the cheese sauce sold at the gas station in Sacramento County tested positive for the toxin that causes botulism. Google's artificial intelligence or AI player AlphaGo defeated world's number one Go player Ke Jie of China. Go is an ancient Chinese board game, harder than chess.
comments powered by Disqus
Follow RTT