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 tumbles as TransDigm says it won't make an offer
(Sharecast News) - Meggitt shares tumbled on Tuesday after US aerospace manufacturer TransDigm said it does not plan to make an offer for the London-listed defence and aerospace engineer following "quite limited" due diligence information, clearing the way for Parker-Hannifin.
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