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

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

Boss of British Gas owner says there is ‘no excuse’ after prepay meters forced on vulnerable people
Quick Charge Podcast: February 4, 2023
Concerns about golden eagles are partly prompting the redesign of a Scottish wind farm
Ford (F) Q4 2022 results: Beats on revenue and misses earnings
Footage shows suspected Chinese spy balloon flying over US as Canada monitors ‘potential second incident’