UK Launches Public Consultations On Meggitt-Parker Deal

Britain on Tuesday launched two separate public consultations on the proposed acquisition of aerospace company Meggitt by US-based Parker-Hannifin to address national security and competition concerns.

Britain was already probing the deal, which is the latest by a US buyer of a British firm, over national security concerns as Meggitt’s customers include Boeing, Airbus, Britain’s Ministry of Defence (MoD) and Rolls-Royce.

The 6.3 billion pound ($7.67 billion) deal won EU antitrust approval in April after Parker-Hannifin pledged to sell a factory in the United States. 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.