ALEX BRUMMER: Political and financial fallout from Melrose's contested bid battle for GKN will not go away quickly



The Easter holiday brought forward by several days the deadline for shareholders to decide the fate of GKN.
The outcome, which leaves Melrose in the cockpit, is profoundly troubling. GKN may have brought trouble upon itself by slack management. But the cure in trusting the future to the Melrose City boys Chris Miller, Simon Peckham, David Roper and Geoff Martin is far worse than the illness.
Business Secretary Greg Clark came to the party far too late, with hedge funds and get-rich-quick merchants driving events by grabbing holdings of 25 per cent in GKN. Even now, as Defence Secretary... read more

 
30 March 2018 in Business, Views: 70
Source: Daily Mail
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