Meggitt publishes Parker-Hannifin takeover documents By Reuters

LONDON (Reuters) – Britain’s Meggitt (LON:MGGT) said that it published the scheme document for its recommended takeover by Parker-Hannifin, as the process for that offer continues despite the possibility of a higher bid coming in from U.S. rival TransDigm.

Megggitt, which makes components for aircraft, said on Monday that Britain’s Takeover Panel is due to announce a deadline by which TransDigm must clarify its intentions.

A meeting to vote on the offer from Parker-Hannifin is set for Sept. 21.