Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover

Engineering firm, which operates in aerospace and energy markets, backs deal with Parker Hannifin

Jobs are under threat at the British aerospace firm Meggitt after it agreed a 6.3bn takeover deal from US rival Parker Hannifin, in the latest approach for a UK-listed company from an overseas buyer.

The board of Meggitt, the FTSE 250 engineering company that operates in the aerospace, defence and energy markets, has unanimously recommended that shareholders accept the 800p-a-share deal, which the UK government says it is closely monitoring.