📺 Melrose Industries is turning around engines-to-car-parts group GKN, which it bought for $10 billion in 2018. Politicians’ fears of asset stripping now look overblown, but the takeover has yet to make decent returns, says Breakingviews’ Unmack1
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Melrose M&A ordeal has a political upsideThe UK acquisition machine is turning around engines-to-car-parts group GKN, which it bought for $10 bln in 2018. Politicians’ fears of debt-fuelled asset stripping now look quaint. Yet the takeover has yet to make decent returns. A breakup and more dealmaking should help.
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