|Bid||215.20 x 183600|
|Ask||215.30 x 149100|
|Day's Range||212.70 - 221.90|
|52 Week Range||194.70 - 261.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (1.98%)|
|1y Target Est||N/A|
Britain's business minister said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of UK engineering company GKN, giving the deal the green light from government. Melrose clinched an 8 billion-pound ($11 billion) takeover of GKN in March in a deal which the government said it needed to examine for any public interest concerns. During the three-month battle for GKN, lawmakers had raised concerns that Melrose could in the future sell GKN's aerospace business, which is involved in defence programmes, to an overseas buyer.
London Stock Exchange’s annual general meeting will kick off in two-and-a-half hours’ time just a few hundred yards from the back door of the Financial Times, at the Hilton London Bankside, behind Shakespeare’s Globe Theatre on Bear Lane. Sir Christopher Hohn, the activist shareholder who last year tried to eject charman Donald Brydon and reinstate departed chief executive Xavier Rolet, is now going to support the exchange’s choice of a new boss. According to Sky News’s well-informed Mark Kleinman, Sir Christopher has told investors in his fund that he welcomes the announcement of Goldman Sachs banker David Schwimmer as LSE's next CEO.
Engineering group GKN had a tough run in the weeks leading up to the conclusion of its takeover by Melrose, but the turnround group said its expectations for the company are undimmed. The results for GKN for the three months to the end of March, before Melrose took control, lend some weight to that analysis.
It had also pledged to secure protections for the UK on intellectual property and on capability from purchasers. will meet ministers every six months to update the government on its ownership of GKN, one of the UK’s oldest engineering companies and a leading supplier to the automotive and aerospace industries.
Melrose Industries PLC (LSE:MRO), a electrical company based in United Kingdom, saw a double-digit share price rise of over 10% in the past couple of months on the LSE. AsRead More...
The UK government is set to wave through Melrose Industries’ contentious £8bn acquisition of engineering company GKN as early as next week after concluding it raised no national security concerns. Although ...
The head of Britain’s big business lobby group has questioned whether short-term shareholders should have a say in takeover battles, after Melrose ’s successful bid for engineering company GKN . Carolyn ...
Stocks with market capitalization between $2B and $10B, such as Melrose Industries PLC (LSE:MRO) with a size of UK£4.10B, do not attract as much attention from the investing community asRead More...
Melrose Industries Plc faces a final hurdle in its hostile takeover of defense contractor GKN Plc -- getting the nod from the U.K. government. Seven past precedents suggest it will.
Moody's Investors Service, ("Moody's") has today placed the Baa3/(P)Baa3 senior unsecured debt and programme ratings of GKN Holdings plc, the finance, investment and holding company of GKN Plc ...
(Adds company news items and futures) April 3 (Reuters) - Britain's FTSE 100 index is seen opening 46 points lower at 7,011 on Tuesday, according to financial bookmakers, with futures down 1.15 percent ...
Yet another corporate headache has landed on U.K. Prime Minister Theresa May’s lap in the shape of Melrose Industries Plc’s hostile 8.1 billion pound ($11.4 billion) takeover of government contractor GKN ...
The success -- or not -- of Melrose Industries Plc’s hostile takeover of government contractor GKN Plc may be in the hands of U.K. Defense Secretary Gavin Williamson.
The U.K. ministers for defense and business may take steps over Melrose Industries Plc’s hostile takeover of government contractor GKN Plc for any risks the deal may pose to national security, media reports ...
British turnaround specialist Melrose Industries won a bruising takeover battle for plane and car parts maker GKN, effectively killing a $6.1 billion deal by Ohio-based auto parts supplier Dana to combine ...