GKN, Melrose, Business Business | The Guardian
Fears for what Melrose might do to the historic engineering firm did not all come to pass, but more anger is now in prospectSnow lay thick on the ground in Westminster as demonstrators carrying a large banner reading “Stop the GKN takeover” marched on parliament. It was February 2018, and, inside, Telford MP Lucy Allan was pledging to protect jobs at the historic engineering company, in the face of its hostile takeover by buyout specialist Melrose.Six years on from one of the most acrimonious takeover battles in recent years, old wounds are likely to be reopened this week, when 20 top Melrose executives scoop shares worth more than £300m. Continue reading…
Fears for what Melrose might do to the historic engineering firm did not all come to pass, but more anger is now in prospect
Snow lay thick on the ground in Westminster as demonstrators carrying a large banner reading “Stop the GKN takeover” marched on parliament. It was February 2018, and, inside, Telford MP Lucy Allan was pledging to protect jobs at the historic engineering company, in the face of its hostile takeover by buyout specialist Melrose.
Six years on from one of the most acrimonious takeover battles in recent years, old wounds are likely to be reopened this week, when 20 top Melrose executives scoop shares worth more than £300m.
