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September looms large in Northeast Ohio companies efforts to buy U K s Meggitt
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Parker Hannifin to buy Meggitt in $8 8 billion aerospace and defense deal
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PRESS: Meggitt rises as peer Woodward considers possible takeover bid
Fri, 7th May 2021 10:38
(Alliance News) - Meggitt PLC shares rose sharply on Friday following a report that US-based aircraft parts maker Woodward Inc could be looking to buy its London-listed peer.
Woodward is working with an investment bank as it mulls a potential acquisition, and Coventry, England-based Meggitt is a possible target, Reuters reported, citing an article in Dealreporter.
https://www.reuters.com/article/meggitt-ma-stocks/meggitt-shares-jump-on-ma-report-idUSL1N2MU0D8
Meggitt shares were up 11% at 509.88 pence, the second best performer in the FTSE 250 on Friday. It has a GBP4 billion market capitalisation.