Parker-Hannifin proposes acquisition of Meggitt plc

The UK government has launched consultations on the proposed acquisition of UK aerospace company Meggitt plc by US-based Parker-Hannifin. The Business Secretary is minded to accept undertakings offered by Parker-Hannifin to address national security and competition concerns.

“The Business Secretary is minded to accept undertakings offered by Parker-Hannifin to address the concerns.”gov.uk

• 2 sources
• gov.ukConsultations launched on proposed acquisition of Meggitt plc by Parker-Hannifin - GOV.UKDepartmentJun 28, 2022
• cityam.com£6.3bn takeover of aeroplane giant Meggitt heading for final approval as UK govt is ‘minded to accept’Michiel WillemsJun 29, 2022

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