March 26, 2018 / 6:19 AM / 4 months ago

BRIEF-GKN intends to return up to GBP700mn to shareholders on completion of Dana deal

March 26 (Reuters) - Dana Inc:

* GKN PLC - STATEMENT RE PROPOSED COMBINATION OF GKN DRIVELINE AND DANA

* GKN PLC - GKN INTENDS TO RETURN UP TO £700 MILLION OF CASH TO SHAREHOLDERS AS SOON AS PRACTICABLE FOLLOWING COMPLETION OF DANA-GKN DRIVELINE TRANSACTION

* GKN PLC - BOARD CONTINUES TO BELIEVE THAT REVISED AND FINAL MELROSE OFFER FUNDAMENTALLY UNDERVALUES GKN Source text for Eikon: Further company coverage: (Reporting by Clara Denina)

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