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Opinion split on Melrose GKN offer as vote looms

Mar 01, 2018 - The Daily Telegraph (London)

Two influential shareholder advisory firms, the Institutional Shareholder Services (ISS) and PIRC, were split over whether Melrose shareholders should back the company's £7bn bid for GKN in two separate reports. ISS cited the "sensible strategic rationale" for backing the bid, but PIRC said there were "various issues" surrounding it. The vote will take place next week.