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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 08:07

LONDON BRIEFING: Meggitt accepts GBP6.3 billion takeover offer from US

LONDON BRIEFING: Meggitt accepts GBP6.3 billion takeover offer from US

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2 Aug 2021 07:59

Meggitt to be taken over by Parker-Hannifin in £6.3bn deal

(Sharecast News) - Defence and aerospace engineer Meggitt said on Monday that it has agreed to be bought by US rival Parker-Hannifin for £6.3bn as it reported a decline in interim profit and revenue.

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2 Aug 2021 07:43

LONDON MARKET PRE-OPEN: Meggitt agrees to GBP6.3 billion takeover

LONDON MARKET PRE-OPEN: Meggitt agrees to GBP6.3 billion takeover

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2 Aug 2021 07:20

UPDATE 5-Parker swoops on Britain's Meggitt in $8.8 bln aerospace deal

* Meggitt shareholders to get 800p/share in cash* Shares surge 62% to record high on midcap index* Commitments to British government part of deal terms* Closely monitoring the planned deal, says British govt (Adds response from British government, c...

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2 Aug 2021 07:20

UPDATE 3-Parker to buy Meggitt in $8.8 bln aerospace and defence deal

* Meggitt shareholders to get 800p/share in cash* Shares surge 59% to record high in early trading* Commitments to British government part of the deal terms (Adds details, background, share move)Aug 2 (Reuters) - Parker-Hannifin has agreed to buy i...

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2 Aug 2021 07:20

UPDATE 4-Parker swoops on Britain's Meggitt in $8.8 bln aerospace deal

* Meggitt shareholders to get 800p/share in cash* Shares surge 59% to record high* Commitments to British government part of deal terms (Adds CEO comments from the call)By Muvija MAug 2 (Reuters) - Parker-Hannifin has agreed to buy its London-liste...

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2 Aug 2021 07:20

UPDATE 2-Parker-Hannifin to buy British rival Meggitt in $8.76 bln deal

(Adds background on industry, details from statement)Aug 2 (Reuters) - U.S. industrial firm Parker-Hannifin said on Monday it will buy Meggitt in a deal that values its British rival at 6.3 billion pounds ($8.76 billion), expanding its presence in...

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29 Jul 2021 16:00

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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19 Jul 2021 13:40

Monday broker round-up

(Sharecast News) - BP: Morgan Stanley stays at 'underweight' and revises target price from 285.0p to 305.0p.

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19 Jul 2021 09:49

BROKER RATINGS: RBC upgrades Fresnillo; JPMorgan raises Travis Perkins

BROKER RATINGS: RBC upgrades Fresnillo; JPMorgan raises Travis Perkins

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15 Jul 2021 09:45

BROKER RATINGS: Citigroup prefers Beazley over Hiscox and Lancashire

BROKER RATINGS: Citigroup prefers Beazley over Hiscox and Lancashire

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14 Jul 2021 10:06

BROKER RATINGS: Davy cuts easyJet to Neutral; Carnival raised to Hold

BROKER RATINGS: Davy cuts easyJet to Neutral; Carnival raised to Hold

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12 Jul 2021 10:06

BROKER RATINGS: Morgan Stanley cuts Wizz Air but upgrades easyJet

BROKER RATINGS: Morgan Stanley cuts Wizz Air but upgrades easyJet

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8 Jul 2021 13:04

Thursday broker round-up

(Sharecast News) - Croda International: HSBC upgrades to buy with a target price of 8,600p.

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8 Jul 2021 09:30

BROKER RATINGS: Bernstein starts Tesco, Ocado, Just Eat at Outperform

BROKER RATINGS: Bernstein starts Tesco, Ocado, Just Eat at Outperform

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