Defence and aerospace technology firm Meggitt has agreed a £6.3bn takeover deal by US firm Parker-Hannifin.

The FTSE 250 company confirmed an offer from the US engineering technology giant valuing Meggitt at 800p per share.

It said the move represents a 70% premium on the share value of the company at the end of trading on Friday, when it was at 469.1p per share.

Articles You May Like

Red or blue? Sky News holds draw to decide who will face questions first in leaders’ event
After a painstaking four-day search, TV doctor’s body was found just metres from safety
Emilia Clarke feared she would be fired from Game Of Thrones
Nissan offers Chevy Bolt EV drivers a deal to buy a new LEAF
New CCTV pictures show last sighting of missing TV doctor