UK Government Monitoring Parker-Hannifin/Meggitt Merger Bid

Credit: Parker-Hannifin
LONDON–U.S. industrial powerhouse Parker-Hannifin has made a £7.1 billion ($9.9 billion) bid for UK competitor Meggitt. Parker reached an agreement with UK-based Meggitt, offering the UK-based company’s shareholders £8 per share for a 100% takeover of Meggitt. But the potential takeover has...

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