Melrose £7 billion takeover bid causes GKN shares to soar, metal powder business struggles to stabilize

GKN is in the headlines again this week, but not necessarily for the reasons the multinational automotive and aerospace company would have expected. Following a string of hard-hitting losses at GKN’s American aerospace plant, British investment and acquisition giant Melrose swooped in with an aggressive £7.4 billion takeover offer

from 3ders.org - http://www.3ders.org