March 12 (Reuters) - GKN rejected MelroseIndustries' increased and final 8.1 billion pounds(
"The board believes that Melrose's Revised Offer continuesto fundamentally undervalue GKN and has no hesitation inunanimously rejecting it," GKN Chairman Mike Turner said.
Melrose Industries increased its hostile offer for GKN byaround 10 percent on Monday, trying to win over investors afterthe British engineering firm struck a rival deal of its own lastweek with Dana Inc.(Reporting by Noor Zainab Hussain in BengaluruEditing by Edmund Blair)