It would leave GKN investors with 57% of the enlarged group. Simon Peckham, the chief executive of Melrose, is confident he can pull off a coup and break GKN’s resistance. Their shareholders haven’t told us to go away.”Vote Leave donations raise further concern over Melrose's GKN bid Read moreMelrose is expected to raise the stakes following GKN’s results on Tuesday. It is thought the company may have to sweeten its offer by raising GKN investors’ holding to about 65% of the merged group. Last week, Melrose announced a full-year loss of £27.6m, down from £69.3m the previous year, and raised its dividend by 91%.

Source: The Guardian February 26, 2018 12:58 UTC