I see the Colombia Threadneedle has finally decided to make a decision to back GKN (I have pasted the link below to the excellent article in today's The Times).
Posts tagged: Colombia Threadneedle
David Cumming, head of equities for Aviva, today stated he is supporting Melrose's fresh £8.1 billion offer for GKN.
The question is whether other big GKN shareholders - such as Colombia Threadneedle or Standard Life Aberdeen - will publicly back the turnaround investor's bid for GKN?
The reason Betaville posits the question is reliable sources suggested the fund manager, one of the larger GKN shareholders, may be willing to support Melrose if it bumps its hostile offer a tad.
However, when Betaville put this to a spokesperson for Colombia Threadneedle last week the official response from investment firm was:
“We have not made a decision yet.”