Cobham hopes to turn a corner as rights issue wins 98% take-up

Aidan Gregory

May 05, 2017 02:45 pm

Cobham_F35_PA_230x150 — File photo dated 08/07/2016 of a Lockheed Martin F-35 Lightning II which uses over 100 Cobham components, as the struggling aerospace and defence firm issued another profits warning after revealing that it would book a mammoth £574 million writedown and take a £150 million hit from a US military contract. | Chris Radburn/PA Wire/PA Images

Cobham, the UK aerospace and marine technology company, has finished its second rights issue in 12 months, after the leads completed a small rump placement.

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Topics

JP Morgan Equity Bank of America UK Europe Follow-ons and Rights issues Barclays EMEA

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Aidan Gregory