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Cobham reveals lay-offs days after Advent acquisition

Advent International's acquisition of the British defense company was approved by the government in late December

Cobham has announced a number of job cuts days after Advent international delisted the British defense company from the stock exchange in a move that could reignite the debate over foreign takeovers of some of the UK's key companies.

The US private equity firm's £4bn acquisition of Cobham last year was widely criticised by politicians and shareholders over national security concerns and the potential loss of key roles.

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