Melrose Industries News
Here are all todays headlines related to Melrose Industries News. If you wish to drill deeper to view past Melrose Industries News items, follow the next 20 headlines link at the foot of the page.
15-03-2018
GKN's largest customer, Airbus, has suggested it would withdraw custom from the FTSE 100 engineer in the event of the proposed hostile takeover by Melrose International.
14-03-2018
Melrose Industries has sought to reassure MPs about its proposed hostile takeover of GKN by proposing binding commitments on research, pensions and other matters of political concern.
12-03-2018
Turnaround specialist Melrose Industries has upped its offer for engineer GKN to 467p per share, or £8.1bn, from £7.4bn.
09-03-2018
GKN has agreed to combine its automotive business, Driveline, with US-based Dana in a deal valued at around $6.1bn, as it looks to fend off a £7.4bn hostile bid from turnaround specialist Melrose Industries.
09-03-2018
Turnaround specialist Melrose Industries said on Friday that the deadline for its £7.4bn hostile offer for engineer GKN has been extended until 29 March.
08-03-2018
Turnaround specialist Melrose Industries said on Thursday that its shareholders and the European Commission have backed its £7.4bn hostile bid for engineer GKN.
02-03-2018
Engineer GKN, which is currently fending off a £7.4bn hostile bid from turnaround specialist Melrose Industries, confirmed on Friday that it has engaged in talks with US-based Dana about a potential sale of its automotive division, Driveline, as part of a deal which would be effected mainly in equity.
26-02-2018
Turnaround specialist Melrose Industries said on Monday that its £7.4bn hostile bid for engineer GKN has received clearance from US and Canadian authorities.
20-02-2018
Melrose Industries pressed the case for its £7.4bn bid for GKN as Jeremy Corbyn increased the political pressure over the turnaround company's proposed hostile takeover.
15-02-2018
As if investors weren't tired of it already, the board of Melrose felt it necessary on Thursday afternoon to respond to a document issued by GKN earlier in the day, in which the latter defended its decision to pursue a new strategy in a bid to return £2.5bn to shareholders over the next five years.
14-02-2018
Melrose Industries released a response to GKN late on Wednesday morning, after the latter outlined its 'Project Boost' strategy to return up to £2.5bn to shareholders over the next three years.
12-02-2018
Turnaround specialist Melrose Industries' £7bn hostile bid for defence contractor GKN could pose a threat to US national security, according to union Unite.
09-02-2018
GKN reiterated its belief on Friday that Melrose Industries' £7bn offer for the engineer is "derisory" as it said it is prepared to give investors more time to consider the bid.
01-02-2018
Turnaround specialist Melrose Industries outlined the formal terms of its £7.4bn offer for GKN on Thursday, promising to simplify and declutter the business, but GKN responded by urging its shareholders to reject the "derisory" offer.
29-01-2018
GKN looked to clear up a dispute over its pensions deficit on Monday as it battles to stave off a hostile takeover from smaller rival Melrose Industries, following reports the shortfall could be a potential 'poison pill'.
28-01-2018
Stronger than expected growth numbers have fuelled expectations that another rise in interest rates is on the way, with City traders now seeing a May rise from the Bank of England as an even-money bet. The economy expanded by 0.5% in the final quarter of 2017, according to official figures last week, faster than economists had forecast. - Sunday Times
22-01-2018
Having rejected a £7bn hostile bid from Melrose Industries last week, GKN sought to highlight its potential as a standalone entity on Monday, lifting sales forecasts for its electric driveline (eDrive) business.
18-01-2018
The tit-for-tat exchanges between Melrose Industries and GKN continued on Thursday, as Melrose responded to comments from its bid target, which said earlier in the day that the company's offer statement was "misleading", after the engineer rejected a hostile, sweetened bid of £7.4bn a day earlier.
17-01-2018
Melrose Industries has gone hostile with its bid for GKN, making a sweetened offer of 430.1p per share, or £7.4bn, but the engineer has rebuffed it again.
15-01-2018
Berenberg upped its price target on GKN to 455p from 365p on Monday, sticking with its 'buy' rating as it said it seems inevitable the engineer will end up being owned by Melrose Industries, after it rejected a £7bn bid last week.
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