TransDigm was the more problematic bidder but the UK still needs solid assurances from Parker-Hannifin• Meggitt takeover rival pulls outThat’s a relief – especially for Kwasi Kwarteng, the business secretary. TransDigm, by a distance the more problemat…
Morrisons and Meggitt tipped for FTSE 100 return as shares surge
Takeover targets expected to briefly re-enter blue-chip index while ITV and Weir Group face demotionThe takeover targets Morrisons and Meggitt look set for a brief return to the FTSE 100 index of blue-chip UK companies, after their share prices were bo…
FTSE 100 falls as miners hit by China slowdown concerns – business live
Rolling live coverage of business, economics and financial markets as Cobham and Ultra agree deal and Meggitt pushes ahead with Parker Hannifin buyoutWeak Chinese data set negative tone across Europe’s main stock marketsFTSE 100 down 0.7%, but Ultra an…
Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover
Engineering firm, which operates in aerospace and energy markets, backs deal with Parker HannifinJobs are under threat at the British aerospace firm Meggitt after it agreed a £6.3bn takeover deal from US rival Parker Hannifin, in the latest approach fo…