Regulations and Government
GKN Fails To Fight Off Takeover Bid
While UK government mulls intervening, Airbus says Melrose takeover could mean no future contracts for GKN.

Last week the long-running battle to take over GKN ended in success for turnaround specialist Melrose Industries, as shareholders voted for the £8.1 billion ($11.4 billion) deal despite protests from politicians, unions, and industrial groups over the firm’s importance to the UK manufacturing base. Melrose gave commitments to the UK government that GKN would continue as a UK business, that it would continue with specific research and technology programs, and that it would not in the short term sell the defense-related businesses.