Bidder for aerospace firm Meggitt should be pressed to beef up its commitments | Nils Pratley
TheGuardian
AUGUST 2, 2021
Parker Hannifin could potentially be a decent owner but its commitments are too easy to wriggle out of The only simple element in US group Parker Hannifin’s £6.3bn bid for Coventry-based defence and aerospace business Meggitt is the takeover premium: an offer at 71% more than last week’s share price counts as fat by any measure.
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