Melrose overcomes potential hurdle to GKN acquisition
Turnaround specialist Melrose has raised the stakes in its efforts to convince shareholders at GKN that it is a suitable owner for the business.
The Alcester-based company has been steadily mounting a charm offensive to try and court the GKN shareholders, whom it has said would benefit from seeing GKN housed within the portfolio of Melrose businesses.
It has currently bid £7.4bn for the Redditch-based group, although the GKN board has said the offer woefully undervalues the business and has recommended that shareholders take no... 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...
