Transport Topics
GKN Stockholders Defy Board, Reject Dana’s Bid, Approve Melrose Industries’
- Details
Dana Inc. announced March 29 that shareholders of the United Kingdom-based diversified manufacturer GKN plc voted to accept a rival bid for the company, ending Dana’s pursuit of GKN’s driveline division. London-based investment company Melrose Industries plc won 52% of the vote and will take over the company.
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