GKN shareholders accept £8.4bn Melrose bid

Kim Kaveh
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GKN shareholders accept £8.4bn Melrose bid

Melrose Industries' £8.4bn offer has been accepted in today's shareholder vote, which will include injecting up to £1bn cash contributions for its two defined benefit (DB) schemes.

According to an announcement on the London Stock Exchange, as at 1pm today, Melrose received valid acceptances representing 52.4% of voting rights of GKN. Last week, the trustees of GKN's pensio...

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