Melrose Industries has claimed its board has the expertise to manage GKN's substantial pension liabilities in a formal offer letter to the firm's shareholders.
In the letter, published today, Melrose chairman Christopher Miller defended the company's pension track record - citing examples of where it has improved the funding positions of four other compan...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date