Parker-Hannifin Offers Remedies In Bid For EU Clearance Of Meggitt Deal: Reuters

• Parker-Hannifin Corp (NYSE:PH) has offered remedies to secure EU antitrust approval for its £6.3 billion bid for British rival Meggitt plc (OTC: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 (NYSE:BA) and Airbus SE (OTC: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.