Britain on Tuesday launched two separate public consultations on the proposed acquisition of aerospace company Meggitt by US-based Parker-Hannifin to address national security and competition concerns.
Britain was already probing the deal, which is the latest by a US buyer of a British firm, over national security concerns as Meggitt’s customers include Boeing, Airbus, Britain’s Ministry of Defence (MoD) and Rolls-Royce.
The 6.3 billion pound ($7.67 billion) deal won EU antitrust approval in April after Parker-Hannifin pledged to sell a factory in the United States.
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