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Aerospace firm Cobham to buy UK rival Ultra in $3.6 bln deal

Cobham and Ultra Electronics’ boards of directors have reached an agreement on the conditions of a £2.6 billion acquisition deal that raised national security concerns for Business Secretary Kwasi Kwarteng last month. Ultra’s board of directors has approved a price of 3,500p per share, valuing the company at £2.57 billion, according to Cobham.

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