Cobham Takes a 25% Stake in Thrane & Thrane

MarineLink.com
Thursday, April 05, 2012

Cobham announced on March 12, 2012 that it had withdrawn its proposal to the Board of Thrane & Thrane A/S regarding apossible recommended offer for Thrane & Thrane at a price of $73.72 (DKK420) per share in cash, as the Board of Thrane & Thrane felt unable to recommend its proposal. Cobham reserved the right to reconsider its position at any time.

In that announcement Cobham commented that its strategy is to build market leadership positions in its strategic business units, by investing in technology. SATCOM is one such technology and Thrane & Thrane remains an attractive potential partner. Cobham has therefore continued to follow events at Thrane & Thrane with interest. 
Following the resignation with immediate effect of the Chairman of Thrane & Thrane on March 26, 2012, a number of institutional investors have expressed an interest in selling their shareholdings in Thrane & Thrane. This has resulted in the purchase today by Cobham from Jupiter Asset Management Limited and other institutional shareholders of 1,292,110 shares at a price of DKK420 per share in cash, representing approximately 22.74 percent of the issued share capital of Thrane & Thrane.
Cobham has notified the Board of Thrane & Thrane that, taken together with market purchases, it now owns 1,453,795 shares, representing approximately 25.6 percent of the issued share capital of Thrane & Thrane. Cobham is continuing to consider all options available to it in relation to Thrane & Thrane.
 
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

SatCom

A New Standard in Marine Communications

KVH provides and Harvey Gulf employs possibly the most sophisticated on-board SATCOM and related service package on the water. That’s no accident.     If quality service,

gplink Approved in More than 30 Countries

Remote monitoring and diagnostic services provided by gplink operate through either GSM service or through various satellite technologies. On a global scale, most

Aage Hempel to Equip 10 New PSVs

Aage Hempel, a company in worldwide merchant marine electronic service and focused on 24/7 maritime sales and service, signs agreement for the delivery of navigation

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 4.6180 sec (0 req/sec)