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BUZZ-GKN: best day in 3 yrs after aerospace acquisition

Reuters - UK Focus

** GKN (LSE: GKN.L - news) rises as much as 7.8 pct after announcing acquisition of Fokker Technologies for 706 mln euros

** Extends footprint in China and helps its continuing move into aerospace, co says

** Liberum says deal good value (8.4x 2015e EV/EBITDA) and a sensible fit with GKN core business, will be 3 pct accretive by 2016

** Best day for stock since July 2012

** Among top risers on Stoxx 600, bouncing off YTD lows

** Co has lost 18 pct since YTD peak in Feb on weakness at major customers including VW and Airbus

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)