The UK government is taking an “active interest” in a £7.1bn proposed takeover of aerospace and defence company Meggitt by US rival Parker Hannifin as fears rise over its impact on British jobs and investment.
The bid for Coventry-based Meggitt on Monday would give shareholders 800p a share in cash, representing a premium of 71 per cent to Friday’s closing price.
It is the second time in a handful of days that Kwasi Kwarteng, the UK business secretary who has powers to intervene in takeovers on national security grounds, has taken an “active interest” in a proposed takeover.
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