Melrose thwarts Dana, wins hostile bid for GKN

Melrose thwarts Dana, wins hostile bid for GKN

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Melrose Industries narrowly clinched an 8 billion-pound ($11 billion) takeover of Britain’s GKN, after a three-month battle for control of the engineering giant. The shareholder vote thwarts a proposed tie-up between GKN’s auto unit and U.S.

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