GKN steps up war of words with potential suitor

The war of words between GKN and potential suitor Melrose has been ramped up after the engineering giant accused the turnaround specialist of making “misleading statements”. Clarifying comments made by Melrose in its initial £7bn bid offer on January 15, GKN said some of the claims being made were “fake”. It said: “Melrose states that the terms of its offer represent a premium of approximately 32% over the closing share price of GKN on January 5, 2018, the last business day prior to the approach. “GKN believes th... For the full story register now for free or login below...