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Britain launches public consultations on Meggitt-Parker deal

Tue, 28th Jun 2022 20:53

June 28 (Reuters) - Britain on Tuesday launched two separate public consultations on the proposed acquisition of aerospace company Meggitt by U.S.-based Parker-Hannifin to address national security and competition concerns.

Britain was already probing the deal, which is the latest by a U.S. buyer of a British firm, over national security concerns as Meggitt's customers include Boeing, Airbus, Britain's Ministry of Defence (MoD) and Rolls-Royce.

The 6.3 billion pound ($7.67 billion) deal won EU antitrust approval in April after Parker-Hannifin pledged to sell a factory in the United States. ($1 = 0.8209 pounds) (Reporting by Rhea Binoy in Bengaluru Editing by Chris Reese)

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19 Oct 2021 07:17

Meggitt sees takeover completing in 2022 despite govt intervention

(Sharecast News) - UK aerospace and engineering firm Meggitt said it still expected its £6.3bn takeover by US rival Parker-Hannifin to complete next year despite a UK government intervention on national security grounds.

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18 Oct 2021 20:54

TOP NEWS: UK government to probe Meggitt takeover by Parker-Hannifin

TOP NEWS: UK government to probe Meggitt takeover by Parker-Hannifin

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18 Oct 2021 17:37

UPDATE 2-UK intervenes in bid by U.S. aviation firm Parker for Meggitt

(Adds business minister and Parker-Hannifin comment)LONDON, Oct 18 (Reuters) - Britain said on Monday it was intervening in a proposed 6.3 billion-pound ($8.65 billion) takeover by U.S. engineering and aerospace firm Parker-Hannifin of its British...

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18 Oct 2021 17:37

UPDATE 1-UK intervenes in bid by U.S. aviation firm Parker for Meggitt

(Adds background)LONDON, Oct 18 (Reuters) - Britain said on Monday it was intervening in a proposed 6.3 billion-pound ($8.65 billion) takeover by U.S. engineering and aerospace firm Parker-Hannifin of its British rival Meggitt, citing national se...

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18 Oct 2021 17:10

UK issues intervention notice in Meggitt-Parker deal

LONDON, Oct 18 (Reuters) - Britain issued an intervention notice on a proposed deal between Meggitt and Parker-Hannifin on Monday, citing national security grounds."On 18 October 2021, acting on official advice, the Secretary of State issued a p...

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21 Sep 2021 19:42

TRADING UPDATES: Meggitt shareholders approve Parker-Hannifin takeover

TRADING UPDATES: Meggitt shareholders approve Parker-Hannifin takeover

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21 Sep 2021 16:02

Meggitt shareholders approve Parker-Hannifin offer

(Sharecast News) - Meggitt shareholders agreed for the company to be taken over by Parker-Hannifin, it was confirmed on Tuesday, after a majority of shareholders voted in favour of the US defence giant's takeover offer.

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20 Sep 2021 08:53

LONDON MARKET OPEN: FTSE 100 drops to two-month low; Prudential sinks

LONDON MARKET OPEN: FTSE 100 drops to two-month low; Prudential sinks

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20 Sep 2021 08:12

LONDON BRIEFING: Prudential to complete Asia pivot with share offer

LONDON BRIEFING: Prudential to complete Asia pivot with share offer

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14 Sep 2021 16:08

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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8 Sep 2021 09:54

LONDON BROKER RATINGS: Bernstein starts Vodafone at Outperform

LONDON BROKER RATINGS: Bernstein starts Vodafone at Outperform

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7 Sep 2021 17:04

LONDON MARKET CLOSE: Stocks fall as investors eye ECB rate decision

LONDON MARKET CLOSE: Stocks fall as investors eye ECB rate decision

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7 Sep 2021 14:35

TOP NEWS: TransDigm puts brakes on Meggitt tilt, clearing Parker path

TOP NEWS: TransDigm puts brakes on Meggitt tilt, clearing Parker path

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7 Sep 2021 13:27

UPDATE 3-TransDigm ends $8.7 bln bid battle with Parker for UK's Meggitt

(Adds Meggitt statement)By Yadarisa ShabongSept 7 (Reuters) - Aerospace parts maker TransDigm bowed out of an $8.7 billion takeover battle with fellow U.S. bidder Parker-Hannifin for Britain's Meggitt on Tuesday, wiping as much as 14% off British ...

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7 Sep 2021 13:27

UPDATE 2-TransDigm ends $8.7 bln bid battle with Parker for UK's Meggitt

(Updates shares, adds detail and background)By Yadarisa ShabongSept 7 (Reuters) - Aerospace parts maker TransDigm bowed out of an $8.7 billion takeover battle with fellow U.S. bidder Parker-Hannifin for Britain's Meggitt on Tuesday, wiping as much...

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