{"id":63041,"date":"2018-04-01T00:08:06","date_gmt":"2018-04-01T04:08:06","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63041"},"modified":"2018-04-03T00:27:32","modified_gmt":"2018-04-03T04:27:32","slug":"an-11-billion-victory-for-hostility-and-hedge-fund-arbs-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2018\/an-11-billion-victory-for-hostility-and-hedge-fund-arbs-2.html","title":{"rendered":"An $11 Billion Victory for Hostility (and Hedge Fund Arbs)"},"content":{"rendered":"<p>\n(Bloomberg) Hostile bids are never easy but the success of the bitterly contested takeover of U.K. engineer GKN Plc shows that the effort can still pay off even in today&#8217;s highly politicized M&#038;A climate.  The winning buyer, Melrose Industries Plc, has sent a shot across the bows of all poorly performing companies in the U.K. That is no bad thing.<br \/>\nMelrose deployed every available tactic to heap pressure on its target &#8212; speed, a &#8220;take it or leave it&#8221; final offer, a low acceptance threshold and, of course, mud-slinging. With that approach, it was never going to get GKN board approval for a deal. That meant getting into conflict with stakeholders like the unions and customers such as Airbus SE.<br \/>\n<a href=\"https:\/\/www.bloomberg.com\/gadfly\/articles\/2018-03-29\/an-11-billion-victory-for-hostility-and-hedge-fund-arbs\"><br \/>\n<\/a>To read this article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Hostile bids are never easy but the success of the bitterly contested takeover of U.K. engineer GKN Plc shows that the effort can still pay off even in today&#8217;s highly politicized M&#038;A climate. The winning buyer, Melrose Industries Plc, [&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-63041","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63041","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=63041"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63041\/revisions"}],"predecessor-version":[{"id":63042,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63041\/revisions\/63042"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}