Cobham bought more than 1.2 million shares in the share capital...
Cobham bought more than 1.2 million shares in the share capital of communications solutions company Thrane & Thrane. It paid about $73 per share in cash, Cobham said. Cobham, a U.K.-based aerospace company, now owns more than 1.4 million shares,…
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or about 25.6 percent of Thrane & Thrane. Cobham decided to buy the shares when some institutional investors “expressed an interest” in selling their holdings in Thrane & Thrane after former Chairman Waldemar Schmidt resigned. The aerospace company is considering a partnership with Thrane & Thrane as Cobham looks to invest in technology, Cobham said.