LONDON, July 19 (Reuters) - Britain's business minister Kwasi Kwarteng approved the buyout of London-based defence firm Meggitt by U.S. engineering and aerospace company Parker-Hannifin, his department said on Tuesday. (Reporting by William James, writing by Muvija M; editing by Michael Holden)
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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