March 12, 2018 / 3:35 PM / 2 months ago

BRIEF-GKN Says Rejection Of Melrose's Revised And Final Offer

March 12 (Reuters) - Gkn Plc:

* REJECTION OF MELROSE’S REVISED AND FINAL OFFER

* ‍BOARD BELIEVES THAT MELROSE’S REVISED OFFER CONTINUES TO FUNDAMENTALLY UNDERVALUE GKN​

* BOARD BELIEVES THAT MELROSE’S REVISED OFFER ‍DOES NOT REFLECT BENEFITS OF COMBINING GKN DRIVELINE AND DANA INCORPORATED​

* REVISED OFFER ‍DOES NOT REFLECT RETURN OF UP TO £2.5BN IN CASH TO GKN’S SHAREHOLDERS OVER NEXT THREE YEARS​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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