GKN

Melrose says £8bn GKN offer is "unconditional in all respects" as the engineering giant's board resigns

Industrial turnaround firm Melrose has declared its £8.1bn offer for GKN is now "unconditional in all respects" as the entire board of the more than …

London Stock Exchange

Melrose spies more opportunities in GKN takeover as engineer's board steps down

Melrose’s directors have identified further ways to wring more out of their takeover of GKN after finally gaining the keys to the business.<p>The mid-cap turnaround firm revealed its £8.1bn offer had become unconditional today as it had secured acceptances from 85pc of GKN shareholders.<p>Current chief …

Business

GKN takeover sparks soul-searching by CBI

The head of Britain’s big business lobby group has questioned whether short-term shareholders should have a say in takeover battles, following …

Extracted

Melrose takeover of GKN set to avoid referral to competition agency

The UK government is set to wave through Melrose Industries’ contentious £8bn acquisition of engineering company GKN as early as next week after …

Military Aircraft

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.47%

© Reuters. U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.47%<p>Investing.com – U.K. stocks were higher after the close on …

Stock Markets

Torque vectoring: Taking on the arctic with GKN

<b>The frozen lakes of northern Sweden provide the ultimate test-bed for the latest torque vectoring technology</b><p>You can almost sense the impending …

Engineering

"Nothing patriotic" about blocking Melrose takeover of GKN, MPs are warned

Politicians have been told not to meddle in Melrose's controversial takeover of British engineering giant GKN.<p>Shareholders, not MPs, should decide …

United Kingdom

If Investors Weren't So Supine, Who'd Need Hostile Bids?

The political classes are up in arms about the hostile takeover and likely breakup of British engineering firm GKN Plc by -- take your pick -- an …

Investing

Airbus CEO Hasn't Decided Whether to Oppose Hostile GKN Takeover

Airbus SE Chief Executive Officer Tom Enders said he hasn’t decided whether to oppose the hostile takeover of GKN Plc, while repeating concerns that …

Right To Vote

Melrose bosses take home annual pay of £42m each ahead of GKN takeover

Top bosses at turnaround specialist Melrose have raked in pay packets worth nearly £42m ahead of the company's pending takeover of British …

GKN

Melrose shorts build £1.3bn bet as sub-prime star Paulson shows his hand in GKN battle

Bets against Melrose Industries have hit fresh highs as hedge funds ramp up short positions against the would-be GKN owner.<p>In trades totalling …

IHS Markit

Blocking Melrose-GKN on grounds of national security risks Britain's status in the global economy

As a newspaper reporter, I spent five years working inside the House of Commons. I went there, convinced that much of what shaped our lives was …

Royal Navy

How GKN lost a long-term holder’s confidence

Sir, I read Michael Skapinker’s article “Customers should have come first in the GKN battle” (April 5) with interest, although I do not agree with it …

GKN

Seven Reasons a Melrose Takeover of GKN Is Likely to Pass Muster

Melrose Industries Plc faces a final hurdle in its hostile takeover of defense contractor GKN Plc -- getting the nod from the U.K. government. Seven …

Security

GKN Driveline Twin-Twinster Plug-In Hybrid SUV

What if you jacked up an AWD sport sedan and replaced its front differential with a torque-vectoring “Twinster” axle that can distribute engine …

Plug-in Hybrid EVs

Customers should have come first in the GKN battle

Whose interests should companies serve? For decades, the answer, particularly in the US and the UK, was shareholders’. Total stock market return, the …

London Business School

A truly global Britain would not meddle with the market – Theresa May's government must be careful how it deals with De La Rue, GKN, Melrose and Sky

With the Conservatives and Labour neck-and-neck in the polls and a Brexit-shaped mountain building up in her in-tray, the last thing Theresa May …

Brexit

Another Corporate Headache Lands on Theresa May’s Lap

Yet another corporate headache has landed on U.K. Prime Minister Theresa May’s lap in the shape of Melrose Industries Plc’s hostile 8.1 billion pound …

United Kingdom

GKN will be stripped and sold for parts by ghouls who have no interest in making things

What can we expect from a takeover led by a protege of Lord Hanson, the man who laid waste to industrial Britain?<p>The past is never dead. When the wheeling, dealing, asset-stripping Hanson Trust finally collapsed in 2007, having played a major part in the deindustrialisation of Britain – but having …

Opinion (UK)

Political posturing must not kill GKN deal

Maybe Greg Clark started the Easter festivities a little too early this year. How else to explain the Business Secretary’s bumbling last-minute intervention in the takeover battle between Melrose and GKN? It is like the confused drunk who arrives at a house party and is left checking his watch as …

French History

Melrose Hostile GKN Takeover Sparks U.K. Government Interest

The U.K. ministers for defense and business may take steps over Melrose Industries Plc’s hostile takeover of government contractor GKN Plc for any …

Business

Lord Heseltine urges ministers to block takeover of defence giant GKN over national security fears

Lord Heseltine today urged ministers to block Melrose’s ­hostile takeover of GKN on national security grounds.<p>The Tory grandee, who is a former …

UK Politics

How GKN fell with flags flying against Melrose firepower

With hindsight, there was something apt about the fire alarm sounding at GKN’s Redditch headquarters on the afternoon of Friday January 5.<p>As staff …

Investing

The government has warned it may block Melrose's takeover of GKN

The government has warned it still may block the takeover of FTSE 100 engineering giant GKN by industrial turnaround specialist Melrose.<p>Melrose …

GKN

Voice of the Mirror: Spineless Tories have no defence when it comes to GKN takeover bid

No country that had a manufacturing future would put the interests of fatcats chasing a fast buck over the long-term survival of a great engineering …

UK Politics

Melrose fight over GKN does Britain a service

The battle is over, the last shot fired, and the last fighter grounded. GKN, the British industrial group that made cannonballs fired at Waterloo and …

Automotive Industry

Corbyn: interests of City speculators put above jobs in GKN takeover

Labour leader attacks Tories over engineering firm’s takeover by ‘asset stripper’ Melrose<p>Jeremy Corbyn has accused the government of putting the profits of speculators before the interests of staff at one of Britain’s oldest engineering firms, which is the object of a hostile takeover deal that has …

Business

GKN takeover concerns to be assessed by government

<b>The government will assess whether the takeover of British engineering giant GKN raises public interest concerns, the business secretary has said.</b><p>Shareholders have accepted a hostile bid of £8.1bn from investment firm Melrose Industries.<p>Unions want the deal to be blocked on national security …

Business

Signed off school with Beatlemania

GKN | National debt | Beatlemania | Hamlet relief | Returning the empties | Offenbach<p>If the government fails to intervene to prevent the acquisition of GKN by Melrose it will be further proof, if any is needed, that the UK is being run for the benefit of big business (Outcry as GKN falls to hostile …

Music (UK)

UK defence secretary weighs GKN-Melrose review

Melrose Industries’ £8bn acquisition of GKN, the 259-year-old UK engineering company, is coming under scrutiny from Britain’s defence secretary, …

United Kingdom