GKN warns pension trustees over Melrose approach
GKN has launched its latest offensive against its potential suitor Melrose by trying to convince pension trustees that the approach could have a damaging effect on pension arrangements.
In a statement, GKN said it had a constructive working relationship with the pension trustees, despite their independence, which had been developed over many years.
The Redditch-based group said the level of debt being proposed by Melrose was higher that GKN leverage as concluded at the end of June last year.
It said: “Melrose has stated tha... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
