Parker-Hannifin agrees recommended all-cash acquisition of Meggitt PLC

Parker-Hannifin agreed to buy all of Meggitt PLC, the Coventry-based aerospace and defense motion and control company, for about GBP 6.3 billion in cash. The deal remains subject to regulatory clearances and Meggitt shareholder approval.

“Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it has reached an agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Meggitt”investors.parker.com

• 3 sources
• investors.parker.comParker Announces Recommended All Cash Acquisition of Meggitt PLC :: Parker-Hannifin Corporation (PH)Aug 2, 2021
• negocios.comLa estadounidense Parker-Hannifin ofrece 7.374 millones por la empresa británica de defensa MeggittAug 2, 2021
• investors.parker.comParker Hannifin Recommended All Cash Offer for Meggitt PLC Approved by Meggitt Shareholders :: Parker-Hannifin Corporation (PH)Sep 21, 2021

Summarized from public sources; check the original articles before acting on it.