Meggitt Bidders Would Face Antitrust Hurdles, Panmure Says
2015-07-15 08:13:38.597 GMT
By Brian Lysaght
(Bloomberg) -- United Technologies or Honeywell combination
with Meggitt would lead to around 50% of wheel and brake market
and face antitrust scrutiny, says Panmure in note, referring to
recent media reports.
* Buy rating on Meggitt isn’t based on takeover potential but
rather strong future rev. growth as co. increases content on
existing and new civil aerospace progams: Panmure
* NOTE: Panmure PT of 646p is highest of 17 tracked by
Bloomberg; gives 32% upside
* Meggitt has 6 buys, 11 holds, 5 sells; avg PT 541p
* July 15: Meggitt CFO Says Aircraft Supplier Industry Still
Ripe for Deals
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--With assistance from Gaurav Panchal in London.
To contact the reporter on this story:
Brian Lysaght in London at +44-20-3525-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
Brian Lysaght
2015-07-15 08:13:38.597 GMT
By Brian Lysaght
(Bloomberg) -- United Technologies or Honeywell combination
with Meggitt would lead to around 50% of wheel and brake market
and face antitrust scrutiny, says Panmure in note, referring to
recent media reports.
* Buy rating on Meggitt isn’t based on takeover potential but
rather strong future rev. growth as co. increases content on
existing and new civil aerospace progams: Panmure
* NOTE: Panmure PT of 646p is highest of 17 tracked by
Bloomberg; gives 32% upside
* Meggitt has 6 buys, 11 holds, 5 sells; avg PT 541p
* July 15: Meggitt CFO Says Aircraft Supplier Industry Still
Ripe for Deals
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Gaurav Panchal in London.
To contact the reporter on this story:
Brian Lysaght in London at +44-20-3525-7908 or
blysaght@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
Brian Lysaght