MRO.L - Melrose Industries PLC

LSE - LSE Delayed Price. Currency in GBp
234.60
-0.40 (-0.17%)
As of 8:45AM GMT. Market open.
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Previous Close235.00
Open234.00
Bid234.60 x 183600
Ask235.00 x 149100
Day's Range231.80 - 236.00
52 Week Range194.46 - 261.70
Volume51,258
Avg. Volume7,257,792
Market Cap4.554B
BetaN/A
PE Ratio (TTM)782.00
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • No Room to Negotiate
    Bloomberg21 hours ago

    No Room to Negotiate

    Melrose has little interest in securing the co-operation of GKN's board.

  • Reuters21 hours ago

    Melrose makes hostile offer to buy Britain's GKN for $10.2 billion

    Turnaround specialist Melrose (MRON.L) raised the pressure on GKN (GKN.L) by turning hostile in its pursuit of the British engineering company, making a firm 7.4 billion pound offer for the business after meeting its shareholders. The 430.1 pence-per-share bid was swiftly rejected by GKN on Wednesday on the grounds that the terms of the paper-and-cash offer are "effectively unchanged" from a first, unsolicited approach made by Melrose in private on Jan. 8, which GKN also spurned. "We believe GKN's current owners should retain all the benefits of the clear upside potential in GKN, rather than handing almost half of this upside to Melrose and its shareholders," newly appointed GKN Chief Executive Anne Stevens said on Wednesday.

  • Reuters22 hours ago

    GKN rejects Melrose's $10.2 billion offer

    (Reuters) - British engineering company GKN (GKN.L) on Wednesday rejected a 7.4 billion pound cash-and-stock takeover offer from turnaround specialists Melrose (MRON.L). GKN said the terms of the offer ...

  • Reutersyesterday

    GKN pension trustees say potential buyer faces big pension deficit

    GKN is under pressure from U.S. activist investor Elliott Advisors to open talks with Melrose despite having rebuffed the company's 405 pence per share cash-and-stock offer this month. "Any material change to the corporate and capital structure of GKN would lead the Trustees to reassess the strength of covenant going forward and determine appropriate funding plans based on that covenant and its associated level of risk," the GKN trustees said in a statement. The trustees said the GKN pension schemes had an aggregate deficit at end-September on a so-called gilts flat basis of 1.1 billion pounds ($1.51 billion) and on a solvency basis of 1.9 billion pounds.

  • The Wall Street Journalyesterday

    [$$] Melrose Goes Hostile With £7.4B Offer for GKN

    Turnaround specialist Melrose went hostile with a £7.4 billion cash and share offer for one of Britain’s oldest companies, GKN.

  • Melrose Makes $10.2 Billion Hostile Offer to Acquire GKN
    Bloombergyesterday

    Melrose Makes $10.2 Billion Hostile Offer to Acquire GKN

    Melrose Industries Plc made a hostile 7.4-billion-pound ($10.2 billion) bid for GKN Plc, which spurned the approach, setting up a battle to win shareholder support for the deal or the aviation supplier’s ...

  • Reutersyesterday

    Melrose offers to buy Britain's GKN for $10.2 bln

    Turnaround specialists Melrose on Wednesday made a firm offer to buy GKN for 430.1 pence per share or 7.4 billion pounds after meeting its shareholders, adding pressure on the British engineering company ...

  • Reuters2 days ago

    GKN pension trustees say potential buyer faces big pension deficit

    GKN is under pressure from U.S. activist investor Elliott Advisors to open talks with Melrose despite having rebuffed the company's 405 pence per share cash-and-stock offer this month. "Any material change to the corporate and capital structure of GKN would lead the Trustees to reassess the strength of covenant going forward and determine appropriate funding plans based on that covenant and its associated level of risk," the GKN trustees said in a statement. The trustees said the GKN pension schemes had an aggregate deficit at end-September on a so-called gilts flat basis of 1.1 billion pounds ($1.51 billion) and on a solvency basis of 1.9 billion pounds.

  • Reuters2 days ago

    GKN faces pressure from activist fund Elliott to engage with Melrose

    GKN (GKN.L) faces pressure to open takeover talks with suitor Melrose Industries (MRON.L) from U.S. activist investor Elliott, which disclosed a stake in the British engineering company just days after it rejected a 7 billion pound bid. Elliott, a hedge fund with a track record of intervening in takeovers, said on Monday that it holds a 1.7 percent interest in GKN through contracts-for-difference (CfDs). It comes after FTSE 100-listed GKN spurned a 405 pence-a-share unsolicited paper-and-cash bid from Melrose on Jan. 12 on the grounds that it was "entirely opportunistic" and had "fundamentally" undervalued the aerospace and automotive parts supplier.

  • Flightglobal3 days ago

    Melrose presents GKN takeover plan to shareholders

    Melrose Industries has outlined its plans for GKN, including the sale of non-core operations, should it be successful in its pursuit of the UK aerostructures and automotive specialist.

  • Reuters3 days ago

    Melrose courts GKN investors after company spurns 7 billion pound bid

    GKN disclosed on Friday that it had rebuffed a 405 pence per share cash-and-stock offer made on Jan 8 as it set out plans to split its aerospace and automotive businesses. On Monday, GKN indicated it would stand by this rejection. GKN's shares were up 3.9 percent at 436.7 pence at 1215 GMT, sitting at the top of London's bluechip index (.FTSE), after Melrose said it planned to meet GKN shareholders and posted a presentation for GKN investors on its website.

  • A Tempting Buyout Target?
    Bloomberg3 days ago

    A Tempting Buyout Target?

    A private equity bid for GKN looks a long shot.

  • The Wall Street Journal5 days ago

    [$$] One of Britain’s Oldest Companies Remakes Itself Again

    GKN, one of Britain’s oldest companies, has survived more than 250 years by constantly reinventing itself. On Friday, it unveiled its latest big shift, promising to split up the car- and plane-parts maker ...

  • Flightglobal6 days ago

    GKN to reorganise after rejecting takeover bid

    UK aerostructures manufacturer GKN has rejected a takeover bid from turnaround specialist Melrose Industries and disclosed a plan to separate its aerospace and automotive activities as part of a two-year business-improvement plan.

  • Reuters6 days ago

    GKN rejects 7-billion-pound Melrose bid, plans to split in two

    GKN rejected as "entirely opportunistic" a 7 billion-pound takeover offer from turnaround specialist Melrose and set out plans to split its business in two, sending shares in the British engineering firm soaring 30 percent on Friday. GKN, whose roots date back to the 18th century, makes parts for the Boeing 737 jet, Black Hawk helicopter and components for Volkswagen and Ford cars. It was valued at 5.7 billion pounds at the market close on Thursday, having recently suffered from problems at its aerospace division.

  • GKN Shouldn't Surrender for $9.5 Billion
    Bloomberg6 days ago

    GKN Shouldn't Surrender for $9.5 Billion

    GKN has struggled, but it shouldn't surrender to opening Melrose gambit.

  • Reuters6 days ago

    Dealmaking drives sharp moves as European shares steady

    By Danilo Masoni MILAN (Reuters) - Dealmaking activity drove sharp share price moves in Europe on Friday with British engineer GKN (GKN.L) leaping after it rejected an unsolicited offer from rival Melrose ...

  • Airbus Supplier GKN Spurns $9.5 Billion Bid
    Bloomberg6 days ago

    Airbus Supplier GKN Spurns $9.5 Billion Bid

    GKN Plc rejected an unsolicited approach from Melrose Industries Plc and said it will split itself in two rather than than accept a 7 billion-pound ($9.5 billion) takeover offer that it says undervalues ...

  • Melrose Industries Plc breached its 50 day moving average in a Bearish Manner : MRO-GB : November 10, 2017
    Capital Cube2 months ago

    Melrose Industries Plc breached its 50 day moving average in a Bearish Manner : MRO-GB : November 10, 2017

    Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Melrose Industries Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bearish ... Read more (Read more...)

  • Melrose Industries Plc breached its 50 day moving average in a Bullish Manner : MRO-GB : October 9, 2017
    Capital Cube3 months ago

    Melrose Industries Plc breached its 50 day moving average in a Bullish Manner : MRO-GB : October 9, 2017

    Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Melrose Industries Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bearish ... Read more (Read more...)

  • Capital Cube4 months ago

    ETFs with exposure to Melrose Industries Plc : October 2, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Melrose Industries Plc Here are 5 ETFs with the largest exposure to MRO-GB. Comparing the performance and risk of Melrose Industries Plc with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)

  • Melrose Industries Plc :MRO-GB: Earnings Analysis: For the six months ended June 30, 2017 : September 29, 2017
    Capital Cube4 months ago

    Melrose Industries Plc :MRO-GB: Earnings Analysis: For the six months ended June 30, 2017 : September 29, 2017

    Categories: Yahoo FinanceGet free summary analysis Melrose Industries Plc reports financial results for the half-year ended June 30, 2017. Highlights Summary numbers: Revenues of GBP 1,085.60 million, Net Earnings of GBP 38.20 million. Gross margins widened from 24.93% to 27.55% compared to the same period last year, operating (EBITDA) margins now 13.04% from 7.64%. Earnings growth from ... Read more (Read more...)

  • Is There Now An Opportunity In Melrose Industries PLC (LSE:MRO)?
    Simply Wall St.4 months ago

    Is There Now An Opportunity In Melrose Industries PLC (LSE:MRO)?

    Melrose Industries PLC (LSE:MRO), a electrical equipment company based in United Kingdom, received a lot of attention from a substantial price movement on the LSE in the over the lastRead More...