LONDON, Aug 2 (Reuters) - Britain said on Monday it was
closely monitoring U.S. company Parker-Hannifin's agreed
$8.8 billion takeover of its British aerospace engineering rival
Meggitt.
"Under the Enterprise Act 2002, the business secretary has
powers to intervene in mergers and takeovers which raise
national security concerns," a government spokesperson said.
"While commercial transactions remain primarily a matter for
the parties involved, the government is closely monitoring the
proposed acquisition of Meggitt by Parker-Hannifin."
(Reporting by Paul Sandle; editing by Sarah Young)