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GKN Says Board Unanimously Rejects Melrose Offer

Wednesday, 17 Jan 2018 05:32am EST

Jan 17 (Reuters) - Gkn Plc ::REJECTION OF MELROSE OFFER.‍BOARD STATED THAT PROPOSAL WOULD MATERIALLY DILUTE EXPOSURE OF GKN SHAREHOLDERS​.‍WOULD MATERIALLY DILUTE EXPOSURE OF GKN SHAREHOLDERS TO MEANINGFUL UPSIDE OPPORTUNITIES THAT BOARD BELIEVES ARE PRESENT WITHIN GROUP​.GKN'S BOARD UNANIMOUSLY REJECTED BECAUSE IT FUNDAMENTALLY UNDERVALUED GKN.​.‍NEW MANAGEMENT, CHIEF EXECUTIVE ANNE STEVENS AND GROUP FINANCE DIRECTOR JOS SCLATER, ARE CURRENTLY UNDERTAKING A SERIES OF SHAREHOLDER MEETINGS​.‍TERMS OF THIS OFFER ARE EFFECTIVELY UNCHANGED FROM MELROSE'S UNSOLICITED PROPOSAL​.

Melrose Industries Starting Shareholder Meetings To Discuss Proposal For GKN​

Friday, 12 Jan 2018 03:23am EST

Jan 15 (Reuters) - Melrose Industries Plc ::‍MELROSE CONFIRMS THAT IT IS TODAY COMMENCING A SERIES OF SHAREHOLDER MEETINGS TO DISCUSS PROPOSAL FOR GKN​.- "‍MELROSE INTENDS TO SIGNIFICANTLY IMPROVE GKN'S BUSINESSES AS OPPOSED TO A HASTY BREAK UP​".

Zhejiang VIE Science & Technology to buy mechanical unit of controlling shareholder for 69.6 mln yuan

Friday, 29 Dec 2017 02:26am EST

Dec 29 (Reuters) - Zhejiang VIE Science & Technology Co Ltd <002590.SZ>:Says it will buy 100 percent stake in Zhuji-based mechanical unit of controlling shareholder for 69.6 million yuan .

Jiangnan Mould & Plastic Technology wholly owns motor decoration firm

Friday, 29 Dec 2017 01:52am EST

Dec 29 (Reuters) - Jiangnan Mould & Plastic Technology Co Ltd <000700.SZ> ::Says 100 percent stake in a Jiangyin-based motor decoration firm has been transferred to the company .

Ningbo Tuopu Group completes acquisition of auto parts firm

Thursday, 28 Dec 2017 12:57am EST

Dec 28 (Reuters) - Ningbo Tuopu Group Co Ltd <601689.SS> ::Says it completed acquisition of 100 percent stake in a Zhejiang-based auto parts firm .

Faurecia Acquires Hug Engineering In Switzerland

Friday, 22 Dec 2017 09:00am EST

Dec 22 (Reuters) - FAURECIA ::TO PURCHASE HUG ENGINEERING AND BECOME MAJOR PLAYER IN DEPOLLUTION SYSTEMS FOR HIGH HORSEPOWER ENGINES.‍AGREEMENT FOR ACQUISITION OF 100% OF SWISS COMPANY HUG ENGINEERING​.‍CLOSING OF THIS TRANSACTION EXPECTED TO OCCUR DURING Q1 OF 2018​.

Ningbo Tuopu Group acquires Sichuan-based auto parts firm

Friday, 22 Dec 2017 05:08am EST

Dec 22(Reuters) - Ningbo Tuopu Group Co Ltd <601689.SS>:Says it acquires 100 percent stake in Sichuan-based auto parts firm.

Compagnie Plastic Omnium Acquires Swiss Hydrogen And Optimum CPV‍​

Thursday, 21 Dec 2017 12:08pm EST

Dec 21 (Reuters) - COMPAGNIE PLASTIC OMNIUM SA ::ACQUIRES SWISS HYDROGEN AND OPTIMUM CPV.‍​.

Yunnan Xiyi Industrial to buy 40 pct stake in Chongqing-based connecting rod firm for 7.1 mln yuan

Thursday, 21 Dec 2017 01:17am EST

Dec 21(Reuters) - Yunnan Xiyi Industrial Co Ltd <002265.SZ> ::Says it plans to buy 40 percent stake in Chongqing-based connecting rod firm for 7.1 million yuan to hold 100 percent stake .

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