LONDON, March 19 (Reuters) - Dana Incorporated, theU.S. company seeking to merge with the auto unit of Britishengineering company GKN, said it would seek a secondarylisting in London, a move which would allow more Britishshareholders to back the deal.
GKN is the subject of a hostile takeover bid from Melrosewhich it is trying to fight off an alternative plan tomerge its auto unit with Dana, leaving it focused on itsaerospace business.
Dana said in a statement on Monday that some GKNshareholders had said they wanted to hold stock in the newenlarged company and it would list in London in order to enablethem to do so, getting around rules that prevent some UK fundsholding U.S. stock.(Reporting by Sarah Young; editing by Kate Holton)