On July 24th, 2019, Advent announced the 165p in cash for each Cobham shares, takeover of the firm. On September 16th, 2019, at a shareholders' meeting in London, the proposed takeover deal was approved with 93% voting in favor of the deal, surpassing the requisite 75% votes. The takeover was controversial, with opponents of the deal, such as the former First Sea Lord and Royal Navy chief Admiral Lord West expressing fears. The founding family of Cobham were also vocal opponents of the takeover. These oppositions for the takeover triggered an investigation by the Competition and Markets Authority (CMA), on the national security implications of the transaction, which led to the delay in the regulatory approval of the deal. The company is following up its $3.3 billion acquisition of Evonik Industries AG's plastics division.