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UK government ‘minded to accept’ takeover of Meggitt by US buyer

The Guardian M&A

Parker Hannifin expects to complete £6.3bn move for British defence manufacturer within two months The UK government has signalled it is likely to accept the £6.3bn takeover of the British defence manufacturer Meggitt, the second deal by a US buyer to receive a green light in a week. Continue reading.

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Parker Completes Acquisition of Meggitt PLC

Benzinga

Continues Parker's portfolio transformation into longer cycle, more resilient businesses. Substantially increases aerospace business with complementary technologies. Meggitt, headquartered in Coventry, the UK, had annual revenue of approximately £1.63 We welcome the Meggitt team to the Parker Aerospace Group.

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Parker Confirms UK Government's Approval of the Meggitt Acquisition

Benzinga

As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the "Acquisition").

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Parker Hannifin Announces Update on Regulatory Clearances Related to the Acquisition of Meggitt PLC

Benzinga

Parker has begun the process of selling that business. As previously announced on August 2, 2021, the boards of Meggitt and Parker announced that they had reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of Meggitt. "We

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Parker Announces Update on UK Regulatory Clearances Related to Meggitt Acquisition

Benzinga

As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the "Acquisition").

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Parker Completes Sale of Aircraft Wheel and Brake Division to Kaman

Benzinga

As previously announced, the European Commission cleared Parker's acquisition of Meggitt PLC ("Meggitt"), conditional on full compliance with the commitments offered by Parker, including the divestment of Parker's Aircraft Wheel and Brake Division.

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Aero Engine Composite Material Market to Reach USD 5.17 Billion by 2029 | Fortune Business Insights™

Benzinga

Fortune Business Insights™ stated this in a report titled, " Aero Engine Composite Material Market, 2022-2029." Meggitt Plc (U.K.). It is projected to grow from USD 2.87 billion in 2022 to USD 5.17 billion by 2029 at a CAGR of 8.76% during the forecast period. DuPont de Nemours, Inc. Safran SA (France). Report Attribute.