GKN trustees agrees 'positive' mitigation measures with Melrose
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
The agreement is an improvement on Melrose's final offer on 19 March of up to £1bn cash contributions for the defined benefit (DB) schemes. The trustees also said the enlarged Melrose Group would "provide...
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