The Manufacturer argued against the Melrose bid. We supported the company - and the Unite union - in their objection to the takeover, on the grounds that a break up of the venerable company would be a terrible mistake for the UK - and for the workforce.
A Melrose statement after their vistory did nothing to ally fears that a break-up is on the cards – image courtesy of GKN. Now, shareholders have said they believe the company’s future is better off in Melrose’s hands than the existing structure. Given that institutional investors dominate, and that they are…
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