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Parker Hannifin's Meggitt buyout plan 'closely' monitored by UK government

( August 3, 2021, 17:06 GMT | Official Statement) -- MLex Summary: US technology company Parker Hannifin's planned 6.3 billion-pound acquisition of British aerospace company Meggitt is being monitored closely by the UK government, a spokesperson has said. Under UK law, it can intervene in mergers that it believes raise national security concerns. There have been a number of US acquisitions of British aerospace and defense firms in recent years.Statement follows....

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