1. GKN Faces Pressure from Activist Fund Elliott to Engage With Melrose

    GKN Faces Pressure from Activist Fund Elliott to Engage With Melrose

    LONDON (Reuters) - GKN ( GKN.L ) faces pressure to open takeover talks with suitor Melrose Industries ( MRON.L ) from U.S. activist investor Elliott, which disclosed a stake in the British engineering company just days after it rejected a 7 billion pound ($9.66 billion) bid. Elliott, a hedge fund with a track record of intervening in takeovers, said on Monday that it holds a 1.7 percent interest in GKN through contracts-for-difference (CfDs)...

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    1. They should definitely be talking to each other to find the right price and the right structure.
    2. We are aiming to put into sharp focus the options for GKN shareholders.
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