- Parker-Hannifin Corp PH has offered remedies to secure EU antitrust approval for its £6.3 billion bid for British rival Meggitt plc MEGGF, reported Reuters.
- Related: Parker-Hannifin To Acquire Meggitt For ~£6.3B
- The EU competition enforcer extended its deadline for a decision to April 11 from March 28.
- The regulator will seek feedback from rivals and customers before deciding whether to clear the deal, demand more, or open a four-month-long investigation.
- The report noted that Meggitt's customers include Boeing Co BA and Airbus SE EADSY.
- Also Read: Parker-Hannifin Clocks 12% Revenue Growth In Q2; Raises FY22 Guidance
- Price Action: PH shares traded higher by 0.10% at $290.68 on the last check Monday.
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