March 8, 2018 / 1:25 PM / 5 months ago

Melrose wins nod from its shareholders, EU anti-trust clearance for GKN bid

March 8 (Reuters) - Melrose, which has made a hostile attempt to buy British engineering group GKN Plc , said its shareholders had approved the 7 billion-pound ($9.71 billion) bid and the European Commission had given anti-trust clearance.

Melrose has made the unwanted approach for GKN, which the FTSE 100 company has sought to fend off, calling it a “low price and high risk” bid which undervalues the company.

$1 = 0.7207 pounds Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely

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