UK to investigate U.S. private equity takeover of defence firm Ultra By Reuters

LONDON (Reuters) – Britain’s government asked regulators to investigate the planned 2.6 billion-pound ($3.6 billion) acquisition of defence firm Ultra Electronics by rival Cobham (LON:COB), which is owned by U.S. private equity firm Advent.

“The UK is open for business, however foreign investment must not threaten our national security,” business minister Kwasi Kwarteng said on Wednesday.

($1 = 0.7274 pounds)