Beach defence...

Wednesday, 28 February 2018, 9:43 am

Does anybody else think it odd that Mike Turner went on holiday to the Caribbean in January after the opening scuffle in the GKN/Melrose bid battle?

Betaville realises that everybody is entitled to a holiday. However, according to reliable senior banking sources who aren't advising on this takeover battle (as far as Betaville is aware) Turner, chairman of GKN, headed off to the Sandy Lane Hotel in Barbados after Melrose made its approach in early January.

So, presumably Turner was running the GKN defence from the beach?

Betaville got in touch with a spokesperson for GKN to see whether they had any comment on the topic. Unsurprisingly, the spokesperson "declined to comment".

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Tags: GKN, Melrose

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