GKN could be “£10bn powerhouse” under Melrose control
The turnaround specialist bidding to acquire Midlands engineering group GKN has used its annual results announcement to reaffirm its belief that the business would be better off under its control.
Christopher Miller, chairman of Melrose Industries, said in the results statement: “We are convinced that GKN would gain significantly from becoming part of an enlarged £10 billion UK industrial powerhouse, benefitting from the proven Melrose operating model."
Alcester-based Melrose has bid £7.4bn for GKN, although the Redditch-bas... 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...
