US Equity firm trying to buy the UK Nuclear Submarine supplier
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US Equity firm trying to buy the UK Nuclear Submarine supplier
And the secrets no doubt within, so much for protecting our core military assets and if it's blocked i think it would be a good thing.
https://www.msn.com/en-gb/money/othe...6bn/ar-AANmNgW
https://www.msn.com/en-gb/money/othe...6bn/ar-AANmNgW
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And the secrets no doubt within, so much for protecting our core military assets and if it's blocked i think it would be a good thing.
https://www.msn.com/en-gb/money/othe...6bn/ar-AANmNgW
https://www.msn.com/en-gb/money/othe...6bn/ar-AANmNgW
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Yes, but they have just agreed terms
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This, like the acquisition of Cobham itself, will be waived through by this government. But first there will be a thin veneer of due diligence by Kwasi Kwarteng before it is complete. I hope I am wrong, but history is telling.
"And the secrets no doubt within"
What "secrets" do you think we have that the USN don't know? We rent the missiles from them, we worked together on a new joint missile section for the next generation SSBN's, the RN are in and out of USN bases all the time..............
What "secrets" do you think we have that the USN don't know? We rent the missiles from them, we worked together on a new joint missile section for the next generation SSBN's, the RN are in and out of USN bases all the time..............
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"And the secrets no doubt within"
What "secrets" do you think we have that the USN don't know? We rent the missiles from them, we worked together on a new joint missile section for the next generation SSBN's, the RN are in and out of USN bases all the time..............
What "secrets" do you think we have that the USN don't know? We rent the missiles from them, we worked together on a new joint missile section for the next generation SSBN's, the RN are in and out of USN bases all the time..............
Senior former military leaders have warned that Ultra’s sensitive technology needs to be protected from foreign ownership.
Also didn't the UK exchange the tech of its pump jets for the new generation of US reactor tech
The biggest problem with this deal is that you can't trust anything they say - and they're in for the quick buck rather than a long term strategy, They'll break it up and sell the bits.
Now not sure if it makes any difference that they're US asset strippers cp UK ones
Now not sure if it makes any difference that they're US asset strippers cp UK ones
As long as critical IP and development/manufacturing capabilities remain onshore (which is within HMG's gift to dictate) then I'm not sure HMG cares how the ownership structure evolves.
I think HMG feel they were given a real run-around over Cobham - - "understandings" don't do it - you need a cast iron contract with teeth
Private Equity - bah.
In for five, out for five... i.e in for five years, and out at five times the EBITDA multiple they paid.
Hoover up the cashflow, strip it to the bone of anything that doesn't immediately contribute to underlying profit and either carve it up, or flog the lot.
They like to see themselves as the apex predators of the commercial world that pick off the weak and under-evolved.
In for five, out for five... i.e in for five years, and out at five times the EBITDA multiple they paid.
Hoover up the cashflow, strip it to the bone of anything that doesn't immediately contribute to underlying profit and either carve it up, or flog the lot.
They like to see themselves as the apex predators of the commercial world that pick off the weak and under-evolved.
The biggest problem with this deal is that you can't trust anything they say - and they're in for the quick buck rather than a long term strategy, They'll break it up and sell the bits.
Now not sure if it makes any difference that they're US asset strippers cp UK ones
Now not sure if it makes any difference that they're US asset strippers cp UK ones
"I suspect you’d be ok with it if the asset stripping was being done by eurotrash companies?
No these guys have previous form - their last promises lasted 18 months.................
No these guys have previous form - their last promises lasted 18 months.................
I'm not sure what sort of "legally binding agreement" the Govt wants - it has to have some serious penalties in it I guess - they clearly just accepted their word on Cobham......... and having got away with it there they're back for more
As to the sort of deal HMG wants, they want one enforceable in court. One like Jack's, not Harry's. Wise Jack.