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Parker Hannifin's Meggitt deal report sent to UK government over national-security concerns

( March 18, 2022, 12:43 GMT | Official Statement) -- MLex Summary: A report into US technology company Parker Hannifin's planned 6.3 billion-pound acquisition of British aerospace company Meggitt has been sent to the UK government from the Competition and Markets Authority due to public-interest scrutiny over the deal's impact on national security. Kwasi Kwarteng, the UK's minister for Business, Energy and Industrial Strategy, will decide if the acquisition can go forward, following the government's power to intervene on such grounds.Statement follows....

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