Melrose Industries plans to spin off the GKN automotive division as a new UK-listed company in a
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Melrose Industries plans to spin off the GKN automotive division as a new UK-listed company in a move that will crystallize the break-up of one of Britain’s oldest engineering businesses. The FTSE 100 turnround specialist, which acquired the car parts and aerospace components manufacturer in a bitter £8bn takeover in 2018, confirmed the move on Thursday, along with its interim results to the end of June.
1. What are the main driving forces behind Melrose’s proposed spin-off?
2. What will be the implications for Melrose’s shareholders?
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Corporate Finance Principles And Practice
ISBN: 9781292450940
9th Edition
Authors: Denzil Watson, Antony Head
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