Vote on controversial final bid from turnaround specialist Melrose will conclude at 1pm on Thursday
The fate of 250-year-old British engineering company GKN will be decided on Thursday as shareholders vote on a hostile £8bn bid from turnaround specialist Melrose, which would represent the biggest UK hostile takeover for nearly a decade.
The increasingly bitter takeover battle has pitted one of Britain’s largest industrial groups, which began as a south Wales ironworks in 1759, against a company set up in 2003 with the aim of buying up and turning around underperforming businesses.
GKN is a global engineering business based in Redditch, Worcestershire. It employs nearly 60,000 people across 30 countries.
Related: MPs urge HMRC chief to investigate shareholder dealings in GKN takeover
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