February 15, 2018 / 7:30 AM / 6 months ago

BRIEF-GKN say Melrose offer is opportunistic and undervalues company

Feb 15 (Reuters) - Gkn Plc:

* ‍PUBLISHES ITS RESPONSE CIRCULAR IN CONNECTION WITH UNSOLICITED OFFER MADE BY MELROSE INDUSTRIES PLC​

* ‍BOARD CONTINUES TO VIEW OFFER AS ENTIRELY OPPORTUNISTIC AND BELIEVES THAT ITS TERMS FUNDAMENTALLY UNDERVALUE GKN​

* ‍THIS NEW PLAN, WE EXPECT TO DELIVER £340M RECURRING ANNUAL CASH BENEFIT FROM END OF 2020​ Source text for Eikon: Further company coverage: (Reporting By London Bureau)

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