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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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8 Mar 2018 15:01

UPDATE 1-Melrose shareholders and EU approve $9.7 bln bid for GKN

By Ben Martin and Noor Zainab Hussain March 8 (Reuters) - Melrose Industries' 7 billion pound ($9.7 billion) hostile bid for engineering group GKN got a green light from

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8 Mar 2018 13:56

S&P Puts GKN's BBB- Rating On CreditWatch Negative Amid Poor Options

LONDON (Alliance News) - S&P Global Ratings placed the BBB- credit rating for FTSE 100-listed engineer GKN PLC on negative CreditWatch on Tuesday after believing both main

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8 Mar 2018 13:27

Melrose Industries Shareholders And EU Commission Clear GKN Offer

LONDON (Alliance News) - Turnaround specialist Melrose Industries PLC said Thursday shareholders have approved its proposed takeover of GKN PLC, with the EU Commission also an

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8 Mar 2018 08:16

TOP NEWS: GKN Says 'Project Boost' Will Improve Margins For Driveline

LONDON (Alliance News) - GKN PLC, which is the target of a hostile GBP7 billion bid from turnaround specialist Melrose Industries PLC, said Thursday its program

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7 Mar 2018 17:39

York Capital Management Global Advisors Ups Stake To 3.0% In GKN (ALLISS)

LONDON (Alliance News) - GKN PLC said on Wednesday that York Capital Management Global Advisors LLC increased its stake in the UK's engineering in on

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7 Mar 2018 12:21

UPDATE 1-Britain's GKN nears deal with Dana over auto tie-up -sources

* Deal expected in about two weeks -sources * Merger would complicate Melrose's hostile bid for GKN (Recasts lead, adds context) By Pamela Barbaglia and Ben

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7 Mar 2018 10:49

Britain's GKN nears deal with Dana over auto unit tie-up - sources

By Pamela Barbaglia and Ben Martin LONDON, March 7 (Reuters) - Britain's GKN is in advanced talks over a merger of its automotive unit with a 7

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7 Mar 2018 05:36

UK Stocks-Factors to watch on March 7

March 7 (Reuters) - Britain's FTSE 100 index is seen opening down 18 points on Wednesday, according to financial bookmakers. * IAG: The chief executive of British IAG is a

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7 Mar 2018 01:18

PRESS DIGEST- British Business - March 7

March 7 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Plc

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6 Mar 2018 15:21

UPDATE 1-UK's Melrose might offer commitments on GKN's future after a takeover

* Hostile offer by Melrose has been rejected by GKN * GKN has countered with plan to split the firm * British engineer involved in U.S., UK

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6 Mar 2018 11:57

Melrose would look at binding commitments about GKN R&D after takeover

LONDON, March 6 (Reuters) - Melrose Industries will look at what binding commitments, known as post-offer undertakings, it could make about research and development at GKN and

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6 Mar 2018 10:25

GKN says has received many approaches since Melrose bid

LONDON, March 6 (Reuters) - UK engineering company GKN has received many approaches and had conversations with other companies since buy-out firm Melrose

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6 Mar 2018 07:34

Moody's Affirms GKN's Debt Rating At Baa3 But Gives Negative Outlook

LONDON (Alliance News) - Moody's Investors Service late Tuesday affirmed the Baa3 rating on the senior unsecured debt of GKN Holdings PLC, the finance, investment and of a

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2 Mar 2018 17:08

UPDATE 1-FTSE hits Dec. 2016 low as May's Brexit speech fails to inspire

* FTSE down 1.5 pct at close * GKN eyes sale of auto unit (Recasts, adds detail, quote and updates prices at close) By Julien Ponthus and Kit Rees LONDON,

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2 Mar 2018 09:51

Britain's FTSE dips as trade war fears loom, focus on May's Brexit speech

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE down 0.6 pct * Focus on May's Brexit speech around 1330 GMT * GKN eyes sale of auto Julien

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