Posts tagged: GKN
Saturday, 2 March 2019, 2:50 pm
Betaville thought it only right that I follow up this week's piece with a snippet noting that it was, in fact, The Sunday Times Prufrock diarist Liam Kelly who first picked up on FTI Consulting's attempt to win an award for its "defence" of GKN, the FTSE 100-listed aerospace giant bought by Melrose.
So, many grovelling apologies for missing that Mr Kelly!
And below is a link to the young scamp's original Prufrock column:..
Thursday, 28 February 2019, 10:05 pm
Betaville chuckled at the titbit in Dom Walsh's business diary column in The Times today about how FTI Consulting entered the PRCA City and Financial Awards for “best M&A or communication in support of a transaction award” for its work defending GKN from last year’s £8 billion hostile takeover by Melrose Industries. Below is a link if you missed it:..
Saturday, 7 April 2018, 4:41 pm
Did anybody else notice that Jos Sclater, GKN's chief financial officer, sold almost £60,000 worth of shares yesterday?
Below is a link to the RNS on the share sale, which shows he sold 13,899 shares at £4.30:
Tuesday, 20 March 2018, 9:19 am
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).
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?
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.”
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...
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:..
Monday, 26 September 2016, 5:11 pm
It's a Monday, so here is a link to today's session on Tip TV with a rather chirpy Zak Mir.