Melrose pledges £1bn to GKN schemes as part of final offer
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
The revised offer includes a pledge to contribute up to £1bn to GKN's pension schemes - which will include a £150m upfront contribution, which will fund the 2016 scheme to self-sufficiency; and £300m in...
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