GKN Group
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.
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.
GKN proposes to pay £160m into pension schemes as part of demerger plans
GKN has announced plans to make a cash contribution of £160m into its defined benefit (DB) pension schemes as part of demerger plans designed to fend off a hostile takeover by Melrose Industries.
Melrose records pension deficit as it defends record
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.
GKN confirms DB closure and £250m cash injection
Engineering group GKN has announced it closed its two UK defined benefit (DB) schemes to future accrual on 1 July, after falls in bond yields increased liabilities in 2016.
GKN eyes £250m of debt to fund DB deficit
GKN Group is considering issuing corporate bonds to plug the gap in its defined benefit (DB) schemes, according to reports.
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