Board Would Not Support Cobham's Offer
Cobham confirms that it has been in discussion over the last year with the Board of Thrane & Thrane with a view to making a recommended offer for the Company. Its proposal, submitted to Thrane & Thrane February 8th, 2012, was at a price of $74 per share in cash valuing the entire currently issued share capital of the Company on a fully diluted basis at approximately $427 million.