LONDON, Aug 16 (Reuters) - TransDigm, the U.S. company which
has approached Meggitt, has until 1600 GMT on Sept. 14
to either make a firm offer for the British engineering company
or walk away from the deal, the UK's Takeover Panel said on
Monday.
Meggitt has already recommended a takeover offer at 800
pence per share, lower than TransDigm's possible 900 pence
level, from another U.S.-based company, Parker-Hannifin,
with shareholders due to vote on the deal on Sept. 21.
(Reporting by Sarah Young; editing by James Davey)