February 7, 2018 / 12:59 PM / in a month

UK business department will look closely at Melrose bid for GKN: PM May

LONDON (Reuters) - British Prime Minister Theresa May said on Wednesday that the business department would be looking closely at a hostile bid for British engineer GKN (GKN.L) by Melrose Industries (MRON.L).

    “Of course the business department will be looking closely, and have been following closely,” May said when asked about the proposed deal in parliament.

    Reporting by William James; Editing by Elisabeth O'Leary

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