Parker-Hannifin Corporation All Cash Acquisition of Meggitt PLC Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Parker-Hannifin announces offer to acquire Meggitt PLC. (Operator Instructions) I would now like to turn the call over to your host, Todd Leombruno, Chief Financial Officer. You may begin.
Thank you, Kevin. Good morning, everyone, and thanks for joining this webcast in which Parker is announcing a recommended offer all-cash acquisition of Meggitt PLC.
As Kevin said, this is Todd Leombruno, Chief Financial Officer. Here with me today is Chairman and Chief Executive Officer, Tom Williams; and President and Chief Operating Officer, Lee Banks.
If I could direct you to Slide 2, our usual practice of announcing an acquisition is a little bit different today. So I want to discuss this first. As Meggitt is a Public Listed Company on the London Stock Exchange, this acquisition falls under the rules of the U.K. Takeover Code.
Under the U.K. Takeover Code, once the acquirer has a firm intention to make an
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