27MA.F - Melrose Industries PLC

Frankfurt - Frankfurt Delayed price. Currency in EUR
2.45
+0.06 (+2.34%)
At close: 8:09AM CEST
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Previous close2.39
Open2.45
Bid0.00 x 170000
Ask0.00 x 160000
Day's range2.45 - 2.45
52-week range2.21 - 2.82
Volume2,201
Avg. volume498
Market cap11.805B
Beta1.74
PE ratio (TTM)N/A
EPS (TTM)-0.02
Earnings dateN/A
Forward dividend & yield0.05 (2.06%)
Ex-dividend date2018-04-05
1y target estN/A
  • TV producer Darren Star talks about creating iconic shows
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    TV producer Darren Star talks about creating iconic shows

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  • Melrose Industries PLC’s (LON:MRO) Profit Outlook
    Simply Wall St.20 days ago

    Melrose Industries PLC’s (LON:MRO) Profit Outlook

    Melrose Industries PLC’s (LON:MRO): Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in theRead More...

  • Melrose plots sale of first GKN unit since £8bn hostile takeover
    Sky News29 days ago

    Melrose plots sale of first GKN unit since £8bn hostile takeover

    The industrialists who bought GKN (Frankfurt: 694194 - news) , the British engineering group, in a controversial £8bn takeover this year are plotting the £1.5bn sale of one of its most valuable divisions. Sky News has learnt that executives at Melrose (LSE: 136541.L - news) are drawing up plans to kick off an auction of GKN's Powder Metallurgy arm as soon as this autumn. Sources close to the industrial turnaround group confirmed that Powder Met - as the business is known - would be sold in the near term, in line with the plan drawn up by GKN's board as part of its defence against Melrose's hostile bid.

  • Has Melrose Industries PLC (LON:MRO) Improved Earnings Growth In Recent Times?
    Simply Wall St.last month

    Has Melrose Industries PLC (LON:MRO) Improved Earnings Growth In Recent Times?

    Understanding how Melrose Industries PLC (LSE:MRO) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense checkRead More...

  • Too Much of a Good Thing
    Bloomberg2 months ago

    Too Much of a Good Thing

    If any company has enjoyed diplomatic immunity in the conflict over high pay, it's British turnaround specialist and star performer Melrose Industries Plc. Next week's annual shareholder meeting is a chance to send a message that what seemed acceptable in the past is no longer so. Back in 2012, Melrose started a five-year bonus program tied solely to shareholder returns. The uplift was to be adjusted for any fresh capital shareholders put in.

  • Government gives green light to £8.1bn GKN takeover
    Sky News3 months ago

    Government gives green light to £8.1bn GKN takeover

    The Government has given the green light to Melrose (LSE: 136541.L - news) 's £8.1bn takeover of British engineering giant GKN (Frankfurt: 694194 - news) after finding there were no national security grounds for intervening in the deal. At the time, Business Secretary Greg Clark said that the Government would formally consider whether the deal raised public interest concerns. Ministers have acknowledged the importance of GKN to the British economy.

  • Reuters - UK Focus3 months ago

    British government gives Melrose takeover of GKN the green light

    Britain's business minister said there were no national security grounds to intervene in turnaround specialist Melrose (LSE: 136541.L - news) 's takeover of UK engineering company GKN (Frankfurt: 694194 - news) , giving the deal the green light from government. Melrose clinched an 8 billion-pound ($11 billion) takeover of GKN in March in a deal which the government said it needed to examine for any public interest concerns. During the three-month battle for GKN, lawmakers had raised concerns that Melrose could in the future sell GKN's aerospace business, which is involved in defence programmes, to an overseas buyer.

  • If Investors Weren't So Supine, Who'd Need Hostile Bids?
    Bloomberg3 months ago

    If Investors Weren't So Supine, Who'd Need Hostile Bids?

    The political row over GKN's takeover distracts from a deeper malaise.

  • Reuters3 months ago

    UK Stocks-Factors to watch on April 3

    (Adds company news items and futures) April 3 (Reuters) - Britain's FTSE 100 index is seen opening 46 points lower at 7,011 on Tuesday, according to financial bookmakers, with futures down 1.15 percent ...

  • Another Corporate Headache Lands on Theresa May’s Lap
    Bloomberg3 months ago

    Another Corporate Headache Lands on Theresa May’s Lap

    Yet another corporate headache has landed on U.K. Prime Minister Theresa May’s lap in the shape of Melrose Industries Plc’s hostile 8.1 billion pound ($11.4 billion) takeover of government contractor GKN ...

  • Melrose’s Success in GKN Takeover May Lie With U.K. Defense Boss
    Bloomberg3 months ago

    Melrose’s Success in GKN Takeover May Lie With U.K. Defense Boss

    The success -- or not -- of Melrose Industries Plc’s hostile takeover of government contractor GKN Plc may be in the hands of U.K. Defense Secretary Gavin Williamson.

  • Melrose Hostile GKN Takeover Sparks U.K. Government Interest
    Bloomberg3 months ago

    Melrose Hostile GKN Takeover Sparks U.K. Government Interest

    The U.K. ministers for defense and business may take steps over Melrose Industries Plc’s hostile takeover of government contractor GKN Plc for any risks the deal may pose to national security, media reports ...

  • Melrose wins UK engineer GKN with £8 billion hostile bid
    Reuters4 months ago

    Melrose wins UK engineer GKN with £8 billion hostile bid

    Melrose Industries has narrowly clinched an 8 billion-pound takeover of British engineer GKN, winning an acrimonious three-month battle for control of the FTSE 100 company. The UK-based turnaround specialist said on Thursday that 52.4 percent of GKN's shareholders had accepted its hostile cash-and-shares offer by the time the deadline for a deal expired at 1200 GMT. It means Melrose has triumphed with Britain's biggest hostile bid since Kraft pounced on confectionery giant Cadbury in 2009.

  • Reuters4 months ago

    Melrose’s 'Project Golf' bid for GKN beats engineer’s “Damson” defense

    The opening salvo in what would become a three-month battle for British engineer GKN (GKN.L) was fired by Melrose's (MRON.L) chief executive over the telephone. On Friday January 5, Simon Peckham rang GKN's advisers at JP Morgan to arrange a meeting with the FTSE 100-listed aerospace and automotive parts supplier. The gathering took place the following Monday at the investment bank's offices next to the River Thames at Blackfriars in London, according to a source.

  • Melrose wins UK engineer GKN with $11 billion hostile bid
    Reuters4 months ago

    Melrose wins UK engineer GKN with $11 billion hostile bid

    Melrose Industries (MRON.L) has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN (GKN.L), winning an acrimonious three-month battle for control of the FTSE 100 company. The UK-based turnaround specialist said on Thursday that 52.4 percent of GKN's shareholders had accepted its hostile cash-and-shares offer by the time the deadline for a deal expired at 1200 GMT.

  • Reuters - UK Focus4 months ago

    Melrose wins UK engineer GKN with $11 bln hostile bid

    Melrose Industries (Frankfurt: 27MA.F - news) has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN, winning an acrimonious three-month battle for control of the FTSE 100 company. The UK-based turnaround specialist said on Thursday that 52.4 percent of GKN's shareholders had accepted its hostile cash-and-shares offer by the time the deadline for a deal expired at 1200 GMT.

  • Reuters4 months ago

    Analysis: Melrose's 'Project Golf' bid for GKN beats engineer's 'Damson' defence

    The opening salvo in what would become a three-month battle for British engineer GKN (GKN.L) was fired by Melrose's (MRON.L) chief executive over the telephone. On Friday January 5, Simon Peckham rang GKN's advisers at JP Morgan to arrange a meeting with the FTSE 100-listed aerospace and automotive parts supplier. The gathering took place the following Monday at the investment bank's offices next to the River Thames at Blackfriars in London, according to a source.

  • Melrose claims victory in £8.1bn takeover battle for engineering giant GKN
    Sky News4 months ago

    Melrose claims victory in £8.1bn takeover battle for engineering giant GKN

    Takeover specialist Melrose (LSE: 136541.L - news) has won control of British engineering giant GKN (Frankfurt: 694194 - news) after a bitter £8.1bn battle for the company. Melrose clinched the cash and shares deal despite warnings from GKN's management, who vigorously resisted the approach, by going directly to shareholders with a hostile bid. Christopher Miller, Melrose's chairman, said the business would be in "very good hands" but Labour MP Jack Dromey said it was a "bleak day for British industry".

  • MPs call for government to block Melrose's £8bn hostile takeover of GKN
    The Guardian4 months ago

    MPs call for government to block Melrose's £8bn hostile takeover of GKN

    GKN investors voted 52.5% in favour of the takeover. One of Britain’s oldest engineering firms is to be taken over by a company that has been labelled an “asset-stripper”, prompting calls for the government to block the £8.1bn deal on national security grounds. GKN, which was founded in 1759 and has 59,000 staff including 6,000 in the UK, succumbed to a “hostile” bid from Melrose after a lengthy and sometimes acrimonious corporate tussle that has spilled over into the political arena.

  • The bare-knuckle scrap for British engineering giant GKN
    Sky News4 months ago

    The bare-knuckle scrap for British engineering giant GKN

    For connoisseurs of City takeover battles, the fight for the soul of GKN (Frankfurt: 694194 - news) has been a cracker. This is how takeover bids used to be fought in the go-go 1980s, when buccaneering tycoons such as Lord Hanson strode the globe, seizing underperforming businesses and shaking them up. The Hanson reference is particularly apt as Christopher 'Jock' Miller, the co-founder and executive chairman of Melrose (LSE: 136541.L - news) , learned his trade working for the feared corporate raider.

  • The key questions on the hostile takeover of GKN
    Sky News4 months ago

    The key questions on the hostile takeover of GKN

    The war of words is over as GKN (Frankfurt: 694194 - news) shareholders back a new future under Melrose (LSE: 136541.L - news) . :: What is GKN? GKN is the third-largest engineering company in the FTSE 100 after BAE Systems (LSE: BA.L - news) and Rolls-Royce.

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