Business Secretary
The Competition and Markets Authority will now prepare a report on the proposed transaction.
Customers of Ultra, which sells torpedo and radar systems and a range of defence communication equipment, include
Cobham earlier this week pledged to address concerns over potential national security implications of its takeover of Ultra when it announced a deal had been inked between the companies on Monday.
“The
Any deal now won’t be confirmed until next year with the government setting a deadline for the report of
Kwarteng said he would seek to stop Ultra from disclosing sensitive information to Cobham about the goods or services it provides to the
The post Business Secretary intervenes in Cobham's takeover of
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