GKN to accelerate the demerger of automotive and aerospace divisions
Engineering group GKN is set to advance plans to split off its two main divisions into separate listed companies as it looks to stave off takeover approaches by turnaround specialist Melrose.
The Redditch-based group is currently locked in a bitter dispute with Melrose over a possible takeover. Alcester-based Melrose has offered £7.4bn for GKN and told the group's shareholders that it can add value to the business should it become part of its portfolio.
A key factor within the Melrose strategy is a proposed separation of the Ae... 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...
