Jobs threat as British engineering firm agrees £6.3bn takeover by US tech giant

Business

Defence and aerospace technology firm Meggitt has agreed a £6.3bn takeover deal by US firm Parker-Hannifin.

The FTSE 250 company confirmed an offer from the US engineering technology giant valuing Meggitt at 800p per share.

It said the move represents a 70% premium on the share value of the company at the end of trading on Friday, when it was at 469.1p per share.

Articles You May Like

Royal Mail owner puts cost of strikes at £200m
Fear of unrest in Memphis as ‘sickening’ bodycam footage of violent traffic stop set to be released
Blow to Putin as both Germany and US confirm they will send tanks to Ukraine
The DOJ’s antitrust case against Google is ambitious but risky
Quick Charge Podcast: January 26, 2023