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Melrose Industries PLC (MRON.L)

MRON.L on London Stock Exchange

223.00GBp
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Melrose Industries Says Looks To Compulsorily Acquire Remaining GKN Shares
Friday, 27 Apr 2018 02:00am EDT 

April 27 (Reuters) - Melrose Industries Plc ::COMPULSORY ACQUISITION OF REMAINING GKN SHARES.NOW ACQUIRED, UNCONDITIONALLY CONTRACTED TO ACQUIRE OR RECEIVED VALID ACCEPTANCES OF OFFER IN RESPECT OF MORE THAN 90 PERCENT OF VALUE OF GKN.EXPECTS THAT SUCH OUTSTANDING GKN SHARES WILL BE COMPULSORILY ACQUIRED BY MELROSE.AS AT 3.00 P.M. ON 26 APRIL 2018, MELROSE RECEIVED ACCEPTANCES OF OFFER IN RESPECT OF 1,561,321,133 GKN SHARES, REPRESENTING ABOUT 90.53 PERCENT.  Full Article

FMR Raises Stake In Melrose Industries To 9.8 Pct From 7.84 Pct - Filing
Tuesday, 10 Apr 2018 12:35pm EDT 

April 10 (Reuters) - Melrose Industries PLC ::FMR LLC RAISES STAKE IN MELROSE INDUSTRIES PLC TO 9.8 PCT FROM 7.84 PCT.  Full Article

‍Elliott Advisors Says To Support Melrose Offer​ For GKN
Friday, 23 Mar 2018 10:12am EDT 

March 23 (Reuters) - ‍ELLIOTT ADVISORS: :ANNOUNCES ITS INTENTION TO SUPPORT MELROSE OFFER​.CONFIRMS INTENT TO SUPPORT MELROSE OFFER AND ENCOURAGES OTHER GKN SHAREHOLDERS TO TENDER THEIR SHARES INTO OFFER​.‍SEPARATELY SENT A LETTER TO GKN BOARD, OUTLINING RATIONALE FOR SUPPORTING OFFER​.  Full Article

Melrose Comments on Article By Mergermarket Relating To GKN Offer
Friday, 23 Mar 2018 09:32am EDT 

March 23 (Reuters) - Melrose Industries PLC::NOTES ARTICLE PUBLISHED BY MERGERMARKET DATED 22ND MARCH 2018 RELATING TO ITS OFFER FOR GKN.CONFIRMS NO SPOKESPERSON AUTHORISED BY CO MADE COMMENTS IN RELATION TO CO BEING CONFIDENT IT WILL MEET MINIMUM THRESHOLD FOR SHAREHOLDER ACCEPTANCES.  Full Article

Melrose Says To Waive CFIUS, DSS Conditions To GKN Offer By April 17
Friday, 23 Mar 2018 06:04am EDT 

March 23 (Reuters) - Melrose Industries Plc ::WAIVER OF THE CFIUS AND DSS CLEARANCE CONDITIONS.CONTINUES TO HAVE DISCUSSIONS WITH CFIUS AND DSS IN U.S. IN RELATION TO OBTAINING CLEARANCE WITHIN EXPECTED TIMETABLE FOR FINAL OFFER FOR GKN.‍MELROSE CONFIRMS IT WILL WAIVE CFIUS AND DSS CONDITIONS TO ITS OFFER BY NO LATER THAN 17 APRIL 2018​.SAYS DETAILED DISCUSSIONS IN RESPECT OF POTENTIAL INTERIM MITIGATION MEASURES.‍DEADLINE FOR ACCEPTANCES OF FINAL OFFER IS 1.00 P.M. ON MARCH 29, 2018​.  Full Article

Melrose Reaches Agreement With GKN Pension Scheme Trustees
Wednesday, 21 Mar 2018 05:34pm EDT 

March 21 (Reuters) - Melrose Industries Plc :REACHES AGREEMENT WITH GKN PENSION SCHEME TRUSTEES.AGREEMENT WITH GKN PENSION SCHEME TRUSTEES INCLUDE CASH CONTRIBUTIONS OF UP TO 1 BILLION STG TO FUND GKN SCHEMES.PAYMENTS TO THE SCHEMES WILL BE SECURED BY A MELROSE GUARANTEE.  Full Article

Gkn Group Pension Schemes Trustees Says It Had Number Of Discussions With Melrose
Monday, 12 Mar 2018 03:07pm EDT 

March 12 (Reuters) - Gkn Group Pension Schemes Trustees::HAD NUMBER OF DISCUSSIONS WITH MELROSE BUT YET TO RECEIVE PROPOSALS ADDRESSING KEY CONCERNS THAT TRUSTEES HAVE RAISED‍​.WOULD VERY MUCH LIKE TO PROGRESS THESE DISCUSSIONS WITH MELROSE.  Full Article

Melrose Says European Commission Gives Anti-Trust Clearance For GKN Deal
Thursday, 8 Mar 2018 08:03am EST 

March 8 (Reuters) - MELROSE INDUSTRIES PLC::GM RESULTS AND EC CLEARANCE.MELROSE INDUSTRIES PLC - EUROPEAN COMMISSION PROVIDED CLEARANCE IN RESPECT OF EUROPEAN ANTI-TRUST FOR GKN DEAL.MELROSE INDUSTRIES PLC - ‍RESOLUTIONS WERE PASSED AT MELROSE GENERAL MEETING HELD TODAY IN CONNECTION WITH GKN ACQUISITION.  Full Article

Hostile Takeover Target GKN Gets Employee Representative's Opinion About Melrose Offer
Monday, 26 Feb 2018 08:40am EST 

Feb 26 (Reuters) - GKN Plc ::GKN PLC - HAS RECEIVED AN EMPLOYEE REPRESENTATIVE'S OPINION FROM GKN EUROPEAN WORKS IN RELATION TO MELROSE OFFER.  Full Article

Activist Investor Elliott Hikes Short Position In Melrose​‍​​
Friday, 23 Feb 2018 10:25am EST 

Feb 23 (Reuters) - REGULATORY FILING::ACTIVIST INVESTOR ELLIOTT CAPITAL ADVISORS DISCLOSES HIGHER 1.6333 PERCENT SHORT POSITION IN MELROSE <<>>​‍​​.  Full Article

BRIEF-Melrose Industries Says Looks To Compulsorily Acquire Remaining GKN Shares

* NOW ACQUIRED, UNCONDITIONALLY CONTRACTED TO ACQUIRE OR RECEIVED VALID ACCEPTANCES OF OFFER IN RESPECT OF MORE THAN 90 PERCENT OF VALUE OF GKN