Meggitt, a UK aresospace firm, is planning a rights issue or release of new equity to help fund the acquisition of Dunlop Standard Aerospace Group's design and manufacturing businesses.

Meggitt is part of a consortium with Carlyle Group, the US buy-out firm, bidding for the whole of Dunlop Standard, whose other divisions include an aerospace engine repair and overhaul business and industrial energy. The consortium is understood to be the favoured bidder with an offer that values the whole group at £800m (€1.2bn). Doughty Hanson bought the group in 1998 for £510m.