Posts tagged: GKN

Is Colombia Threadneedle willing to back Melrose's £7.5 billion (now £8.1 billion) offer - part 2

Monday, 12 March 2018, 8:27 pm

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?

Watching, again.....

Read more...

Is Colombia Theadneedle willing to back Melrose's £7.5 hostile takeover approach for GKN?

Wednesday, 7 March 2018, 7:01 pm

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.”

Watching.....

Read more...

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...

Read more...

Tags: GKN, Melrose

JP Morgan skewered in Melrose bid for GKN

Wednesday, 17 January 2018, 7:40 am

No self respecting investment banker will ever admit to having too many clients. Take, JP Morgan, for example. The powerful investment bank is a corporate broker and adviser to GKN and Melrose and was almost always cited on all their deal press releases. I have pasted Melrose's £2.2 billion acquisition of American ventilitation-to-security group Nortek below and GKN's equity fundraising of about £200 million for the acquisition of Fokker Technologies in 2015:..

Read more...