GKN has lost its battle for independence after the engineering giant’s investors backed an £8 billion takeover by Melrose Industries. Britain’s biggest hostile takeover since Kraft swallowed Cadbury nearly a decade ago went to the wire more than two months after turnaround specialist Melrose made its initial unsolicited move.
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GKN takeover fight: Company lose £8 billion independence battle with Melrose Industries
![GKN takeover fight: Company lose £8 billion independence battle with Melrose Industries]()
Reviewed by Unknown
on
30 March
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