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BRIEF-UK Govt Has "Statutory Responsibility" To Consider Whether GKN-Melrose Merger Gives Rise To Public Interest Concerns - Business Secretary??

Thu, 29th Mar 2018 17:51

March 29 (Reuters) - UK Business Secretary Greg Clark:

* "DURING BID, MELROSE MADE COMMITMENTS WHICH THEY ARE BOUNDTOHONOUR INCLUDING INVESTMENT IN RESEARCH AND DEVELOPMENT,MAINTAINING ITSELF AS UK BUSINESS" ??

* GOVERNMENT HAS STATUTORY RESPONSIBILITY TO CONSIDERWHETHERGKN-MELROSE MERGER IN PROPOSED FINAL FORM GIVES RISE TO PUBLICINTEREST CONCERNS

* ASSESSMENT ON WHETHER MERGER GIVES RISE TO PUBLIC INTERESTCONCERNS WILL BE MADE BY APPROPRIATE AUTHORITIES

* CONCLUSION ON ASSESSMENT ON WHETHER MERGER GIVES RISE TOPUBLICINTEREST CONCERNS WILL BE SET OUT IN DUE COURSEFurther company coverage:

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12 Mar 2018 08:15

TOP NEWS: Melrose Industries Raises GKN Offer After Dana Merger Deal (ALLISS)

LONDON (Alliance News) - Melrose Industries PLC on Monday boosted its offer to buy FTSE 100-listed engineer GKN PLC to GBP8.1 billion in cash and shares from in

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12 Mar 2018 07:51

UPDATE 1-UK Stocks-Factors to watch on March 12

March 12 (Reuters) - Britain's FTSE 100 index is seen opening up 8 points higher at 7,233 on Monday, according to financial bookmakers, with futures up 0.37 percent ahead

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12 Mar 2018 07:51

UPDATE 1-Britain's Melrose ups "final" offer for GKN to $11.2 bln

LONDON, March 12 (Reuters) - Melrose Industries increased its hostile offer for GKN to 8.1 billion pounds on Monday by boosting the equity element of the offer, appealing to a

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12 Mar 2018 07:45

LIVE MARKETS-What you need to know before Europe opens

March 12 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to

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12 Mar 2018 07:14

Melrose ups offer for GKN, says latest bid final

LONDON, March 12 (Reuters) - Melrose Industries raised its offer for GKN, the British engineering company which it is pursuing through a hostile takeover, stating that the new

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12 Mar 2018 05:17

UK Stocks-Factors to watch on March 12

March 12 (Reuters) - Britain's FTSE 100 index is seen opening up 8 points higher at 7,233 on Monday, according to financial bookmakers. * GKN-MELROSE: GKN has struck a deal

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12 Mar 2018 00:46

PRESS DIGEST- Financial Times - March 12

March 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Saudi Aramco

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11 Mar 2018 10:40

PRESS: Melrose Expected To Sweeten Offer For GKN Ahead Of Deadline

LONDON (Alliance News) - Melrose Industries PLC will raise its GBP7.4 billion offer for GKN PLC this week in an effort to clinch the hostile takeover of the 100

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9 Mar 2018 17:42

UPDATE: Melrose Urges GKN Investors To Reject Dana Deal For Its Buyout (ALLISS)

LONDON (Alliance News) - Melrose Industries PLC argued Friday that the USD6.1 billion automotive unit merger deal announced by GKN PLC was to the interests of -

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9 Mar 2018 16:17

UPDATE: Melrose Has 5.8% GKN Investor Approval For Buyout (ALLISS)

LONDON (Alliance News) - Turnaround specialist Melrose Industries PLC said Friday 5.8% shareholders of GKN PLC have so far approved its hostile GBP7.4 billion a

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9 Mar 2018 12:57

UPDATE 1-GKN agrees $6 bln tie-up with Dana in bid to fend off Melrose

By Ben Martin March 9 (Reuters) - GKN and Dana Incorporated agreed a $6.1 billion deal on Friday to merge GKN's automotive business with U.S.-based a

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9 Mar 2018 12:35

TOP NEWS: GKN In USD6.1 Billion Automotive Unit Merger With US's Dana (ALLISS)

LONDON (Alliance News) - GKN PLC said Friday it has reached an agreement to combine its automotive business with New York-listed engineering firm Dana Inc

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9 Mar 2018 12:18

Britain's GKN signs deal with Dana over auto tie-up

March 9 (Reuters) - Britain's GKN said it had agreed to merge its automotive business with Dana Incorporated to create Dana Plc, adding the deal provided value" for a

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8 Mar 2018 17:45

UPDATE: Bank of America And HSBC Holdings Cut Interest In GKN (ALLISS)

LONDON (Alliance News) - GKN PLC said on Thursday that Bank of America Corp and HSBC Holdings PLC reduced its stakes in the FTSE-250 listed engineering company in transaction

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8 Mar 2018 17:19

Bank of America And HSBC Holdings Cut Interest In GKN (ALLISS)

LONDON (Alliance News) - GKN PLC said on Thursday that Bank of America Corp and HSBC Holdings PLC reduced its stakes in the FTSE-250 listed engineering company in transaction

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