News Formal

European stocks rise to record high; Meggitt surges on U.S. buyout

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

European stocks were on track to reach a record high on Monday, as U.K. aerospace group Meggitt surged on an agreement to be purchased by a U.S. rival.

The Stoxx Europe 600 SXXP, +0.62% traded 0.6% higher to 464.60, which is above the closing record of 463.84.U.K. aerospace company Meggitt MGGT, +56.

34% surged 58% to 743 pence after agreeing to be purchased by Parker Hannifin PH, +0.87% for 800 pence a share in cash, showing there’s concern in the market the deal could be blocked by the U.K. government.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parker-Hannifin Corporation Agrees Acquisition of Meggitt PlcBy Ian Walker Meggitt PLC said Monday that it has agreed to a 6.3 billion pounds ($8.76 billion) takeover by Parker Hannifin Corp. Under the deal, accepting...
Source: MarketWatch - 🏆 3. / 97 Read more »