United Kingdom
This article was added by the user Anna. TheWorldNews is not responsible for the content of the platform.

Meggitt says it expects its £6.3bn takeover to complete next year 

Meggitt said it is confident its takeover by will be completed next year

Meggitt said it still expected its £6.3billion takeover by a US rival to complete next year despite a Government intervention.

Business Secretary Kwasi Kwarteng has ordered a probe by the Competition and Markets Authority into the British defence firm's acquisition by Parker-Hannifin on national security grounds.

Meggitt said it 'looks forward to engaging constructively' with the CMA and expected the deal to be done in the third quarter of 2022.