Melrose and GKN to be questioned by MPs over takeover bid


MPs are to question officials from Melrose over its proposed takeover of engineering giant GKN.

The Business, Energy and Industrial Strategy Committee announced it will hold a session on March 6 to hear from the two companies, as well as the Unite union, which is campaigning against the takeover.

Rachel Reeves, who chairs the committee, said: "The takeover bid for GKN raises issues regarding the future of highly-skilled jobs at the company and the UK's engineering, science and research base.

"It also puts into focus our industrial strategy and the objectives of boosting productivity, growing companies and ensuring long-term investment in industries of strategic importance.

"GKN is an important company for the UK and globally. This session will be an opportunity to hear from Unite and for both GKN and Melrose to set out their case for the future of the business and how they are going to deliver long-term success for the company, shareholders, workers and pension holders."