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Melrose bids to woo GKN takeover opponents with pension concession
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Melrose bids to woo GKN takeover opponents with pension concession
17 May 2024
Melrose , the takeover specialist behind a hostile takeover for engineering group GKN , has offered a pension investment of up to £1bn to help seal the deal. It announced the concession despite saying a week ago that it had made its "final offer" to shareholders after the company rejected its advances on value grounds.
Melrose , the takeover specialist behind a hostile takeover for engineering group GKN , has offered a pension investment of up to £1bn to help seal the deal. It announced the concession despite saying a week ago that it had made its "final offer" to shareholders after the company rejected its advances on value grounds.
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