GKN Rejects Takeover, But Splits Off Aerospace

Britain’s GKN, the No. 2 commercial aerostructures provider that saw a tough 2017, on Jan. 12 said it rejected an unsolicited takeover bid. But GKN also announced a new corporate split, turnaround effort and permanent CEO. UK investment and turnaround company Melrose Industries on Jan. 8 proposed a...

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