GKN: Message from our Chairman re GKN
We welcome the recent statement made by the Board of GKN that it intends to work with Melrose to ensure the success of the enlarged company in the interests of all stakeholders including customers, employees, pensioners, shareholders and suppliers, this will be carried out as quickly and as smoothly as possible.
The combination of Melrose and GKN will create a manufacturing and engineering powerhouse. Melrose has put forward a number of legally binding commitments on matters including pensions, research and development, and ownership periods as a part of our commitment to realising that ambition.
Melrose is delighted to have the opportunity to own GKN's world class businesses. Once the acquisition is finalised, we very much look forward to working alongside GKN’s skilled and dedicated workforce to improve, and invest in, all GKN businesses so they can enjoy a highly successful future.
Further updates will be made in due course.
Melrose Industries PLC
Nick Miles, Charlotte McMullen: +44 (0) 20 3514 0897