Government demands commitments from Melrose over GKN bid

Victoria Tichá
clock • 2 min read

The government has pressed Melrose to make a series of binding commitments, including for pensions, over its hostile £8.4bn final takeover bid for GKN.

Just two days ahead of GKN's shareholder vote on the deal, secretary of state for business, energy and industrial strategy, Greg Clark, has written a letter to Melrose outlining several concerns an...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Victoria Tichá
Author spotlight

Victoria Tichá

View profile
More from Victoria Tichá

HSBC pension scheme to invest £250m in wind and solar

Pension freedoms could rake in £19.2bn of tax over next decade

More on Defined Benefit

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian
Defined Benefit

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Appointment follows detailed due diligence exercise that was managed independently

Professional Pensions
Professional Pensions
clock 30 October 2024 • 1 min read
Mixed industry views on DB run-on, SPP finds
Defined Benefit

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
Jasmine Urquhart
clock 23 October 2024 • 1 min read
One third of DB schemes report rise in running costs
Defined Benefit

One third of DB schemes report rise in running costs

TPT research finds on average DB scheme running costs rose by 37% in the last year

Martin Richmond
Martin Richmond
clock 24 September 2024 • 2 min read
Trustpilot