MRO.L - Melrose Industries PLC
| Previous close | 220.00 |
| Open | 221.90 |
| Bid | 214.70 x 183600 |
| Ask | 214.80 x 149100 |
| Day's range | 212.70 - 221.90 |
| 52-week range | 194.70 - 261.70 |
| Volume | 18,706,491 |
| Avg. volume | 26,899,219 |
| Market cap | 4.168B |
| Beta | 1.26 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.20 |
| Earnings date | N/A |
| Forward dividend & yield | 0.04 (1.98%) |
| Ex-dividend date | N/A |
| 1y target est | 253.73 |
Sky News•21 hours agoGovernment 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 Focus•yesterday
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.
- PA Money News•6 days ago
GKN board resigns after £8.1bn takeover
Melrose said an early-stage review had confirmed the ‘extent of the opportunity to improve GKN’s business’.
- Bloomberg•14 days ago
If Investors Weren't So Supine, Who'd Need Hostile Bids?
The political row over GKN's takeover distracts from a deeper malaise.
- Business Wire•19 days ago
Form 8.3 - Melrose Industries PLC
LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...
- PR Newswire•20 days ago
Permian Investment Partners - Form 8.3 - Melrose Inds
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION ...
- PR Newswire•20 days ago
Permian Investment Partners - Form 8.3 - GKN PLC
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION ...
- Bloomberg•20 days ago
Seven Reasons a Melrose Takeover of GKN Is Likely to Pass Muster
Melrose Industries Plc faces a final hurdle in its hostile takeover of defense contractor GKN Plc -- getting the nod from the U.K. government. Seven past precedents suggest it will.
- Business Wire•21 days ago
Form 8.3 - Melrose Industries PLC
LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...
- Business Wire•21 days ago
Form 8.3 - Melrose Industries plc
LONDON--(BUSINESSWIRE)-- FORM 8.3 AMENDMENT TO s3(b) OF THE PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the ...
- Business Wire•22 days ago
Form 8.3 - Melrose Industries plc
DENVER--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...
- Business Wire•22 days ago
Form 8.3 - Melrose Industries plc
LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...
- Reuters•22 days 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 ...
- Business Wire•22 days ago
Form 8.3 - Melrose
LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...
- PR Newswire•22 days ago
Norges Bank - Form 8.3 - Melrose Industries PLC
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION ...
- Business Wire•22 days ago
Form 8.3 - Melrose Industries PLC
LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...
- Bloomberg•22 days 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 ...
- Bloomberg•24 days 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.
- Bloomberg•25 days 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 ...
- The Wall Street Journal•26 days ago
[$$] Melrose Industries Wins Bruising Takeover Battle for Britain’s GKN
British turnaround specialist Melrose Industries won a bruising takeover battle for plane and car parts maker GKN, effectively killing a $6.1 billion deal by Ohio-based auto parts supplier Dana to combine ...
- The Wall Street Journal•26 days ago
[$$] Britain’s Monetary ‘Stimulus’ Has Fed the Pension Crisis
Ultralow interest rates widen the gap between assets and liabilities as expected returns plummet.
Reuters•27 days agoMelrose 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.
- Reuters•27 days 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.
Reuters•27 days agoMelrose 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 Focus•27 days 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.
