Melrose 'offers to boost GKN pension fund by £1bn'

Melrose 'offers to boost GKN pension fund by £1bn'
 

Turnaround firm Melrose has offered to invest £1bn in engineering giant GKN's pension fund as it battles to secure a takeover deal, the BBC understands.
The move could allay concerns from the pensions watchdog and MPs which have called for the deal to be blocked.
The offer comes after GKN rejected what Melrose said was its final offer worth around £8.1bn earlier this week.
GKN makes parts for Boeing 737 jets and Black Hawk helicopters, as well as parts for Volkswagen and Ford cars.
Airbus warns over GKN takeover bid
Engineering giant GKN rejects new £8bn bid
It is one of the UK's largest... read more

 
18 March 2018 in Business, Views: 68
Source: BBC
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