GKN escalates war of words with Melrose over pensions

GKN chief executive Anne Stevens
An announcement by the trustees of GKN’s pension scheme exposes “misleading statements” by the suitor of the business, the board of the engineering group has said. The statement marks the latest development in the bitter war of words between Redditch-based GKN and turnaround specialist Melrose, which this week upped its offer for the group to £8.1bn. Outlining the trustees’ concerns, GKN said it continued to have major misgivings concerning Melrose’s hostile takeover bid. In particular, it said the trustees’ anno... For the full story register now for free or login below...