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 posts Parker scheme after chairman talks of 'binding committments'
(Sharecast News) - Aerospace and defence engineer Meggitt pressed ahead with the agreed takeover from US peer Parker Hannifin on Monday, despite the prospect of a rival bid.
Read more