TransDigm trump Parker Hannifan’s offer from last week, as low post-Brexit valuations leave UK firms easy prey for foreign acquisition
The defence and aerospace company Meggitt has received a second takeover offer from a rival in the US that values the FTSE 250 manufacturer at £7.1bn, in a move that could spark yet another bid battle for a historic British company.
Meggitt, which makes wheels and brakes for military fighter jets, announced on Wednesday that US aerospace company TransDigm had submitted a 900p-a-share takeover bid.