Parker-Hannifin edging closer to deal after withdrawal of £7.1bn offer by Ohio-based TransDigm Foreign takeovers of UK firms hit highest level since 2018 British aerospace manufacturer Meggitt is a step closer to a takeover by US company Parker-Hannifin after rival suitor TransDigm said it would not make an offer. Ohio-based TransDigm said on Tuesday that it was pulling out of the race because it was unclear that it would be able to secure a high enough return on its investment.
US firm nears takeover of UK aerospace supplier Meggit after rival pulls out
The Guardian - 7 Sep 2021 15:51
Parker-Hannifin edging closer to deal after withdrawal of £7.1bn offer by Ohio-based TransDigm Foreign takeovers of UK firms hit highest level since 2018 British aerospace manufacturer Meggitt is a step closer to a takeover by US company Parker-Hannifin after rival suitor TransDigm said it would not make an offer. Ohio-based TransDigm said on Tuesday that it was pulling out of the race because it was unclear that it would be able to secure a high enough return on its investment.
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