Background briefing in advance of debate on proposed takeover of GKN by Melrose

On 12 January 2018, GKN’s Board announced that it had received a proposal from Melrose to acquire GKN, four days earlier.

Under the terms of the Proposal, GKN shareholders would hold approximately 57% of the enlarged company and Melrose shareholders would hold 43%.

GKN’s Board unanimously rejected Melrose’s proposal, ‘having concluded that the Proposal is entirely opportunistic and that the terms fundamentally undervalue the Company and its prospects.’

Unless an extension is granted by the Takeover Panel, the last business day on which GKN shareholders can accept the Melrose Offer is 29 March 2018.

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Proposed takeover of GKN by Melrose (  PDF, 251.41 KB)