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Melrose’s GKN ambitions thwarted by Dana merger agreement

GKN's board is recommending a merger of GKN Driveline and Dana, which it believes will provide much greater value than anything Melrose could offer. By Megan Lampinen

Dana, not Melrose, has emerged as the potential rescuer of struggling UK engineering giant GKN. The latter has spent the last few months fending off aggressive takeover efforts from Melrose, a specialist in reviving troubled companies and then selling them on….

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