|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,500 GBX | -.--% |
|
-.--% | -.--% |
(Reuters) - Britain on Thursday started a consultation on a planned 2.57 billion pound ($3.14 billion) acquisition of London-listed defence firm Ultra Electronics by rival Cobham, owned U.S. private equity firm Advent.
The country, which had launched a probe into the deal in August last year on possible national security risks, said the Business Secretary "is minded to accept undertakings offered by Cobham" to address the concerns.
($1 = 0.8177 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Vinay Dwivedi)
ULTRA ELECTRONICS 