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  5. Melrose Industries Receives Valid Acceptances For 85% Of GKN Shares

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Melrose Industries Receives Valid Acceptances For 85% Of GKN Shares

Wed, 18th Apr 2018 17:17

LONDON (Alliance News) - FTSE 250-listed Melrose Industries PLC on Wednesday said that it received valid acceptances representing about 85% of the voting rights of engineer GKN PLC.

Earlier on Wednesday, the industrial turnaround specialist confirmed that it satisfied all outstanding conditions to the offer and it will become unconditional on Friday.

The investment company said that it acquired GKN shares carrying over 75% of the voting rights of GKN.

It also intends to make an application to the London Stock Exchange for the cancellation of the trading of GKN shares on its main market.

Shares in Melrose Industries closed up 1.5% at 235.00 pence; while GKN shares closed up 1.4% at 476.00 pence on Wednesday.

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14 Mar 2018 14:21

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14 Mar 2018 09:26

PRESS: Dana Bosses May Woo GKN Investors With UK Listing - FT

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13 Mar 2018 16:12

UPDATE 1-Dana CEO meeting top GKN investors in attempt to fight off Melrose

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13 Mar 2018 13:48

Dana CEO meeting top GKN investors in attempt to fight off Melrose

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12 Mar 2018 17:18

UPDATE 1-FTSE 100 lags Europe on energy stocks, dollar earners

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12 Mar 2018 17:12

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12 Mar 2018 16:47

BRIEF-Trade Union Unite Asks GKN Shareholders To Reject Melrose Bid

March 12 (Reuters) - Gkn Plc: * TRADE UNION UNITE- URGES GKN SHAREHOLDERS TO REJECT LATEST TAKEOVER BID FROM MELROSE * TRADE UNION UNITE- WILL BE MEETING MELROSE TO DISCUSS ITS BID

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12 Mar 2018 16:11

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12 Mar 2018 16:08

REPEAT: GKN Rejects Raised Final Offer From Melrose Industries (ALLISS)

LONDON (Alliance News) - Engineering firm GKN PLC on Monday rejected Melrose Industries PLC's improved, and final, offer for the company, saying it continues to undervalue

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12 Mar 2018 15:54

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12 Mar 2018 15:51

UPDATE: GKN Rejects Raised Final Offer From Melrose Industries (ALLISS)

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12 Mar 2018 15:40

Britain's GKN rejects Melrose $11.2 bln final offer

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