{"id":62914,"date":"2018-03-23T01:14:34","date_gmt":"2018-03-23T05:14:34","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=62914"},"modified":"2018-03-23T01:14:34","modified_gmt":"2018-03-23T05:14:34","slug":"hedge-fund-arbs-place-their-vote-in-9-billion-nail-biter","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2018\/hedge-fund-arbs-place-their-vote-in-9-billion-nail-biter.html","title":{"rendered":"Hedge Fund Arbs Place Their Vote In $9 Billion Nail-Biter"},"content":{"rendered":"

(Bloomberg) GKN Plc’s shareholders owe Melrose Industries Plc a debt of gratitude for its hostile bid. But that doesn’t oblige them to accept a takeover offer from the industrial turnaround specialist that still looks too low compared to what the British engineer can achieve on its own.<\/p>\n

Melrose’s bid expires in a week. It comprises cash and shares worth 7.9 billion pounds ($9 billion), or 458 pence a share, based on its share price on Thursday. GKN is trading at 429 pence. The large spread suggests the market is divided over whether the assault will succeed.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Bloomberg) GKN Plc’s shareholders owe Melrose Industries Plc a debt of gratitude for its hostile bid. But that doesn’t oblige them to accept a takeover offer from the industrial turnaround specialist that still looks too low compared to what the […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62914","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=62914"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62914\/revisions"}],"predecessor-version":[{"id":62915,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/62914\/revisions\/62915"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=62914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=62914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=62914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}