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KM Financial Solutions | UPDATE 2-GKN says hostile bidder Melrose’s debt plan could hit pension scheme
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UPDATE 2-GKN says hostile bidder Melrose’s debt plan could hit pension scheme

28 Jan UPDATE 2-GKN says hostile bidder Melrose’s debt plan could hit pension scheme

Posted at 18:30h in News by
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LONDON, Jan 29 (Reuters) – GKN issued a new salvo on
Monday against a hostile bid by Melrose by warning that
raising the company’s debt ratio could reduce the strength of
its covenants and therefore increase the cash needed to fund its
pension.

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