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MGGTTue, 19th Jul 2022 17:14
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)
LONDON BRIEFING: Meggitt accepts GBP6.3 billion takeover offer from US
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(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.
Read moreLONDON MARKET PRE-OPEN: Meggitt agrees to GBP6.3 billion takeover
Read more* 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...
Read more* 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...
Read more* 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...
Read more(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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