Reuters reveals Parker set to gain EU antitrust approval for $8.3 bln Meggitt buy - Reuters News Agency
Business & FinanceDeals

Reuters reveals Parker set to gain EU antitrust approval for $8.3 bln Meggitt buy

Reuters revealed Parker-Hannifin is set to gain EU antitrust clearance for its 6.3 billion pound bid for Britain’s Meggitt after offering to sell a U.S. factory to address competition concerns. The U.S. engineering and aerospace group submitted its offer to the European Commission last month and the EU competition watchdog then sought feedback from rivals and customers.

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Aerospace & DefenceGovernment & Public Services
Regions: Europe
Media Types: Text
Customer Impact: Important Regional Story
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