Shareholders of UK-based Ultra Electronics voted on 4 October to approve Cobham Group's GBP2.6 billion (USD3.5 billion) takeover offer. The proposed acquisition by Cobham, which is based in the United Kingdom but owned by US private equity firm Advent International, still requires regula-tory approval. UK Secretary of State for Business Kwasi Kwarteng has directed his country's Com-petition and Markets Authority (CMA) to review the deal by 18 January, citing potential "national security concerns".
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