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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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2 Aug 2021 16:13

UPDATE: UK Business Secretary Kwarteng eyeing Meggitt deal - Bloomberg

UPDATE: UK Business Secretary Kwarteng eyeing Meggitt deal - Bloomberg

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2 Aug 2021 16:09

LIVE MARKETS-Monday data: Factories lose steam, public works spending paused for infrastructure windfall

* U.S. equity indexes higher; chips, smallcaps, transports strong* Financials lead S&P sector gainers; materials weakest group* Euro STOXX 600 index up ~0.7%* Gold flat; dollar, crude, bitcoin dip* U.S. 10-Year Treasury yield ~1.18%Aug 2 - Welcome ...

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2 Aug 2021 15:41

LIVE MARKETS-Wall Street kicks off August on the plus side

* U.S. equity indexes higher, Dow out front, chips strong* Financials lead S&P sector gainers; staples weakest group* Euro STOXX 600 index up ~0.5%* Gold flat; dollar, crude, bitcoin all dip* U.S. 10-Year Treasury yield ~1.19%Aug 2 - Welcome to the h...

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2 Aug 2021 14:42

UK 'closely monitoring' Parker-Hannifin's swoop on Meggitt

LONDON, Aug 2 (Reuters) - Britain said on Monday it was closely monitoring U.S. company Parker-Hannifin's agreed $8.8 billion takeover of its British aerospace engineering rival Meggitt."Under the Enterprise Act 2002, the business secretary has p...

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2 Aug 2021 14:24

LIVE MARKETS-When M&A is Made in Britain

* U.S. equity index futures suggest modest opening gains* Euro STOXX 600 index up ~0.5%* Dollar, gold, crude, bitcoin all dip* U.S. 10-Year Treasury yield ~1.21%Aug 2 - Welcome to the home for real-time coverage of markets brought to you by Reuters ...

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2 Aug 2021 13:42

LIVE MARKETS-What happens to stocks when the Fed actually starts tapering?

* European shares hit new record high* STOXX 600 up 0.3%* Takeover deal boosts Meggitt by 60%* U.S. futures point to positive Wall Street openAug 2 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can ...

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2 Aug 2021 12:05

LONDON MARKET MIDDAY: M&A propels London; Allianz weighs on Frankfurt

LONDON MARKET MIDDAY: M&A propels London; Allianz weighs on Frankfurt

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2 Aug 2021 11:54

LIVE MARKETS-RBA and BOE: pause for thought?

* European shares hit new record high* STOXX 600 up 0.5%* Takeover deal boosts Meggitt by 60%* Futures point to positive Wall Street openAug 2 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share...

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2 Aug 2021 11:16

TOP NEWS SUMMARY: Square buys Afterpay; Meggitt accepts US offer

TOP NEWS SUMMARY: Square buys Afterpay; Meggitt accepts US offer

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2 Aug 2021 10:07

LIVE MARKETS-Europe Inc. Q2... buybacks and margin surprise

* European shares hit new record high* Takeover deal boosts Meggitt by 60%* Futures point to positive Wall Street openAug 2 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts wit...

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2 Aug 2021 09:45

UPDATE 2-M&A rush, strong earnings see European stocks close at new highs

* Meggitt hits record high on Parker-Hannifin deal* HSBC, AXA rise after results* Allianz slides on U.S. probe (Updates to market close)By Sruthi Shankar and Ambar WarrickAug 2 (Reuters) - European stocks ended at a new peak on Monday, as increased...

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2 Aug 2021 09:40

UPDATE 2-Miners boost FTSE 100; M&A activity pushes mid-caps to record highs

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Meggitt tops mid-cap index on takeover deal* Senior gains on strong first-half earnings* FTSE 100 up 0.7%, FTSE 250 adds 1.1% (Updates to ...

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2 Aug 2021 09:01

LIVE MARKETS-Bulls in charge

* European shares hit new record high* Takeover deal boosts Meggitt by 60%* Futures point to positive Wall Street openAug 2 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts wit...

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2 Aug 2021 08:47

LONDON MARKET OPEN: Stocks leap into August; FTSE 250 bolstered by M&A

LONDON MARKET OPEN: Stocks leap into August; FTSE 250 bolstered by M&A

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2 Aug 2021 08:30

TOP NEWS: Meggitt to be bought by Parker-Hannifin for GBP6.3 billion

TOP NEWS: Meggitt to be bought by Parker-Hannifin for GBP6.3 billion

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