Fri, Apr 06, 2012
Says Outright Acquisition Is Still An Option
Cobham ("Cobham" or the "Group") announced on 12 March 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane A/S ("Thrane & Thrane") regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share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.
In that announcement Cobham commented that its strategy is to build market leadership positions in its strategic business units, by investing in technology. SATCOM is one such technology and Thrane & Thrane remains an attractive potential partner. Cobham has therefore continued to follow events at Thrane & Thrane with interest.
Following the resignation with immediate effect of the Chairman of Thrane & Thrane on 26 March 2012, a number of institutional investors have expressed an interest in selling their shareholdings in Thrane & Thrane. This has resulted in the purchase today by Cobham from Jupiter Asset Management Limited and other institutional shareholders of 1,292,110 shares at a price of DKK420 per share in cash, 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 1,453,795 shares, representing approximately 25.6 percent of the issued share capital of Thrane & Thrane.
Cobham is continuing to consider all options available to it in relation to Thrane & Thrane.
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]