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….
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