John Menzies said Kuwait’s National Aviation Services (NAS) has sweetened its takeover proposal for the British airport services company to about 559 million pounds ($761.75 million). After rejecting three...
Defence company Leonardo has made no decision on DRS business sale
Defence and aerospace group Leonardo said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported on Wednesday that Leonardo was considering options for...
UK to probe U.S. private equity purchase of defence firm Ultra
Britain said it will investigate possible national security risks from the planned 2.6 billion-pound ($3.6 billion) acquisition of defence firm Ultra Electronics by rival Cobham, which is owned by U.S. private equity...
Defence firm Cobham to buy UK rival Ultra in $3.6 billion deal
Defence firm Cobham said on Monday it had agreed to buy Ultra Electronics in a deal valuing its UK-listed rival at 2.57 billion pounds ($3.56 billion), setting out commitments aimed at allaying any potential concerns...
Meggitt suitor TransDigm has until Sept. 14 to make rival offer
Meggitt suitor TransDigm has been given a deadline of Sept. 14 by the UK Takeover Panel to formalise a counter bid for the British engineering company or walk away. The group, which supplies wheels and brakes for...
U.S. FTC chair calls for tougher stance on defense mergers
U.S. Federal Trade Commission Chair Lina Khan, responding to a letter from progressive Senator Elizabeth Warren, wrote in a letter released Thursday that she believed antitrust enforcers should take steps to block more...
Thales to sell signalling business to Hitachi in $2 billion deal
Thales, Europe’s largest defence electronics company, said it was in advanced talks to sell its GTS railway signalling business to Japan’s Hitachi in a deal that values the division at 1.66 billion euros ($2 billion)...
AerCap wins unconditional EU okay for $30 bln GE deal
EU antitrust regulators on Tuesday approved without conditions Irish aircraft leasing company AerCap’s $30 billion bid for General Electric’s aircraft leasing business, according to a filing on the European...
AerCap to win unconditional EU okay for $30 bln GE deal – sources
Irish aircraft leasing company AerCap is set to secure unconditional EU antitrust approval for its $30 billion bid for General Electric’s aircraft leasing business, three people familiar with the matter said...
Tata Motors among big firms shortlisted to bid for BEML
Ashok Leyland Ltd, Bharat Forge Ltd, Tata Motors Ltd and Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) are among potential bidders shortlisted to buy a 26% stake in state-run defence equipment maker...
Senator Warren questions Lockheed’s antitrust solution to buy Aerojet
U.S. Senator Elizabeth Warren has asked the Federal Trade Commission to take a tougher look at defense industry mergers, questioning a proposal from Lockheed Martin that would allow it to buy the biggest independent...
Huntington Ingalls to buy Alion Science for $1.65 billion
Military shipbuilding firm Huntington Ingalls Industries Inc said on Tuesday it plans to buy Alion Science and Technology for $1.65 billion in cash from Veritas Capital to boost its security solutions portfolio. Alion...
