{"id":63035,"date":"2018-04-01T00:05:32","date_gmt":"2018-04-01T04:05:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63035"},"modified":"2018-04-03T00:27:59","modified_gmt":"2018-04-03T04:27:59","slug":"gkn-loses-fight-against-melroses-11-billion-hostile-offer","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2018\/gkn-loses-fight-against-melroses-11-billion-hostile-offer.html","title":{"rendered":"GKN Loses Fight Against Melrose\u2019s $11 Billion Hostile Offer"},"content":{"rendered":"<p>\n(Bloomberg) U.K. engineering company GKN Plc lost a hard-fought battle for independence after shareholders opted for a 8.1-billion-pound ($11.2 billion) offer from Melrose Industries Plc in a takeover that attracted scrutiny from government, a key customer and unions.   Melrose received 52 percent of voting rights for its cash-and-stock bid, the turnaround specialist said in a statement on Thursday, sending GKN shares to a record. A separate deal struck by GKN to sell its automotive driveline division to U.S.-based Dana Inc. for $6.1 billion will now fall by the wayside.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-29\/gkn-shareholders-accept-melrose-s-11-billion-hostile-offer\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) U.K. engineering company GKN Plc lost a hard-fought battle for independence after shareholders opted for a 8.1-billion-pound ($11.2 billion) offer from Melrose Industries Plc in a takeover that attracted scrutiny from government, a key customer and unions. Melrose received [&hellip;]<\/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-63035","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63035","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=63035"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63035\/revisions"}],"predecessor-version":[{"id":63036,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63035\/revisions\/63036"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}