GKN Fires Back At Melrose's Pension Scheme Criticism

Law360, London (March 13, 2018, 4:49 PM GMT) -- Engineering giant GKN PLC branded criticism of its pension schemes by Melrose Industries PLC "misleading" on Tuesday and said the U.S giant was failing to engage with the company on the future of its pension plans.

The GKN board issued its latest statement in the hostile takeover battle with the investment company — which offered an increased bid of £8.1 billion ($11.3 billion) on Monday — and said the company had made "misleading" comments about its pensions provision.

The board was responding to the U.S company's...
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