Bought In I find this new website very difficult to use and I miss the MRO discussions specially at the time! DFC
Bought In Well that would a first. Better get a hedge in place. M
Bought In Sound, no worries m8, I’ve drafted a credit default swap that states you will pay me if Melrose just happen to mess up when offloading the 3 divisions of GKN lol ! Games
Bought In You won’t regret it. M
Bought In First purchase of Melrose Games
Melrose Secures Clearance From US Committee Over GKN Deal From the news feed II won’t integrate with the discussion board Melrose Industries PLC said Monday it secured clearance from a US committee for its acquisition of UK engineering firm GKN PLC. The Committee on Foreign Investment in the US did not find any “unresolved national security concerns” after investigating the deal. Last week, Sky News had reported that Melrose was drawing up plans to sell parts of GKN including the company’s Powder Metallurgy division, which makes components for automotive and industrial sector. In March, industrial turnaround specialist Melrose won approval from GKN shareholders for its hostile GBP8.4 billion takeover offer for GKN. Melrose shares were trading down 0.7% at 220.40 pence each early Monday morning.
PRESS: Melrose To Start GKN Sell-Off With Powder Metallurgy Division (Since II doesn’t make news or regulatory news followable by company tag, it seems worth putting things in the discussion forum: ) by Alliance News | 18th June 2018 05:58 FTSE 100-listed turnaround specialist Melrose Industries PLC is drawing up plans to sell parts of recently acquired engineering firm GKN, Sky News reported Sunday. According to Sky News, Melrose is planning to auction GKN’s Powder Metallurgy division as soon as this autumn and has hired investment bank Rothschild to advise, though the bank has not yet been formally hired. The Powder Metallurgy division makes components for automotive and industrial sector. The sale of GKN’s Powder Metallurgy unit is expected to worth between GBP1.5 billion and GBP2 billion, the news agency reported citing sources. In March, Melrose won its hostile GBP8.4 billion takeover bid for GKN after receiving 52.43% of valid acceptances from GKN shareholders, making the merger offer unconditional. As a result, in May, GKN delisted from the London Stock Exchange. Sky News Melrose plots sale of first GKN unit since £8bn hostile takeover The first sale of a GKN business since its contentious £8bn takeover by Melrose could kick off in the autumn, Sky News learns. By Dayo Laniyan; email@example.com Copyright 2018 Alliance News Limited. All Rights Reserved.
Re: Puzzled questions take time to answerstoopid questions take longer
Re: Puzzled Maybe young Master Ssipp would like you to do his homework too?Beggars belief
Re: Puzzled Thanks YertizI get the feeling I was expected to bow, scrape and doff my cap before running off to do what I was told, and be pleased to do so.
Re: Puzzled Fine by me.
Re: Puzzled pike fishermanI have no intention of changing my ways so if you do not intend to answer my question there is no point in continuing with this discussion.
Re: Puzzled S-SIPPYou said you were lazy. Time to change.Of course, you also need to look at the profit from each business. And dont forget that the GKN board delayed payment to suppliers to the tune of £150million to make its balance sheet look better.
Re: Puzzled pike fishermanAs you've done it already can't you just give me the answer!
Re: Puzzled S-SIPPOne further thoughtWhen you look at the percentages of turnover I suggest you treat the question as SEVEN separate and distinct businesses, just as Melrose does namely1 GKN Aero2 GKN Driveline3 GKN Metallurgy4 Brush5 Ergotron6 Nortek Air Management7 Nortek Security and Smart TechnologyIt makes more sense than looking at the Company as an amorphous mass. Ive done it already.Good luck.