Boris Johnson is under mounting pressure from MPs to intervene and examine a £6.3billion takeover of UK defence giant Meggitt by US firm Parker-Hannifin. The deal for Meggitt, a key defence supplier to the UK Government, was announced this morning. Parker-Hannifin, which already has operations in the UK employing around 2,000 people, has committed to maintaining the firm's headquarters in Coventry. Boris Johnson is under mounting pressure from MPs to intervene and examine a £6.3billion takeover of UK defence giant Meggitt by US firm Parker-HannifinAerospace technology firm Meggitt has agreed to be acquired by US firm Parker-Hannifin in a £6.3bn deal (Gareth Fuller/PA)Meggitt, a FTSE 250 company, has confirmed an offer from the US engineering technology giant Parker-Hannifin valuing it at 800p per share. 'During our longstanding presence in the UK we have built great respect for Meggitt, its heritage, and its place in British industry.'

Source: Daily Mail August 02, 2021 12:41 UTC