Private Equity

Proxy adviser ISS backs Advent’s acquisition of Cobham

The purchase of the UK aerospace and supplier by a US firm has received criticism from both shareholders and politicians

One of the largest shareholder advisory groups has come out in favour of Advent International’s £4bn offer to buy UK defence supplier Cobham.

Institutional Shareholder Services has recommended that shareholders vote in favour of the private equity firm’s acquisition saying that it is at a “reasonable premium”.

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