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United Kingdom

Melrose Industries PLC (MRON.L)

MRON.L on London Stock Exchange

164.90GBp
12 Nov 2018
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16,045,239
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248.80
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149.55

Latest Key Developments (Source: Significant Developments)

Renewi Says Otto De Bont To Replace Peter Dilnot As CEO
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Renewi PLC ::PETER DILNOT, CHIEF EXECUTIVE OFFICER, HAS NOTIFIED BOARD OF HIS RESIGNATION.DILNOT WILL CONTINUE AS CHIEF EXECUTIVE OFFICER THROUGH REMAINDER OF CURRENT FINANCIAL YEAR.OTTO DE BONT, CURRENTLY MANAGING DIRECTOR, RENEWI NETHERLANDS (NL) COMMERCIAL DIVISION, TO SUCCEED DILNOT AS CEO IN APRIL 2019.DILNOT'S RESIGNATION IN ORDER TO TAKE UP ROLE OF COO OF MELROSE INDUSTRIES PLC.  Full Article

Melrose Says Trading In Line With Board's Expectations For 2018
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Melrose Industries PLC ::H1 PRETAX LOSS -303 MILLION STG.MELROSE IS TRADING IN LINE WITH BOARD'S EXPECTATIONS FOR 2018.GKN OFFERS AN OUTSTANDING OPPORTUNITY WHICH IS MEETING BOARD'S EXPECTATIONS; NO BLACK HOLES FOUND.HY PROFORMA REVENUE 6,203 MILLION STG.HY PROFORMA PROFIT BEFORE TAX 401 MILLION STG.MOVED QUICKLY UPON TAKING CONTROL TO DECENTRALISE GKN AND EMPOWER OPERATIONAL MANAGEMENT TEAMS IN ACCORDANCE WITH MELROSE MODEL."ALL GKN BUSINESSES ARE BEING MANAGED SUCCESSFULLY ON A STANDALONE BASIS"."PLANS HAVE BEEN AGREED AND ARE NOW BEING IMPLEMENTED" TO IMPROVE GKN.TARIFFS AND RAW MATERIAL INFLATION MAY CREATE SOME HEADWINDS.CONTINUE TO TRADE IN LINE WITH BOARD'S EXPECTATIONS FOR 2018.DECLARED AN INTERIM DIVIDEND OF 1.55 PENCE PER SHARE.  Full Article

SA's Competition Commission Conditionally Approves Melrose, GKN Deal
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - SA'S COMPETITION COMMISSION::APPROVED, WITH CONDITIONS, PROPOSED TRANSACTION WHEREBY MELROSE, INTENDS TO ACQUIRE GKN.  Full Article

Melrose Industries Says Looks To Compulsorily Acquire Remaining GKN Shares
Friday, 27 Apr 2018 

April 27 (Reuters) - Melrose Industries Plc ::COMPULSORY ACQUISITION OF REMAINING GKN SHARES.NOW ACQUIRED, UNCONDITIONALLY CONTRACTED TO ACQUIRE OR RECEIVED VALID ACCEPTANCES OF OFFER IN RESPECT OF MORE THAN 90 PERCENT OF VALUE OF GKN.EXPECTS THAT SUCH OUTSTANDING GKN SHARES WILL BE COMPULSORILY ACQUIRED BY MELROSE.AS AT 3.00 P.M. ON 26 APRIL 2018, MELROSE RECEIVED ACCEPTANCES OF OFFER IN RESPECT OF 1,561,321,133 GKN SHARES, REPRESENTING ABOUT 90.53 PERCENT.  Full Article

FMR Raises Stake In Melrose Industries To 9.8 Pct From 7.84 Pct - Filing
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Melrose Industries PLC ::FMR LLC RAISES STAKE IN MELROSE INDUSTRIES PLC TO 9.8 PCT FROM 7.84 PCT.  Full Article

‍Elliott Advisors Says To Support Melrose Offer​ For GKN
Friday, 23 Mar 2018 

March 23 (Reuters) - ‍ELLIOTT ADVISORS: :ANNOUNCES ITS INTENTION TO SUPPORT MELROSE OFFER​.CONFIRMS INTENT TO SUPPORT MELROSE OFFER AND ENCOURAGES OTHER GKN SHAREHOLDERS TO TENDER THEIR SHARES INTO OFFER​.‍SEPARATELY SENT A LETTER TO GKN BOARD, OUTLINING RATIONALE FOR SUPPORTING OFFER​.  Full Article

Melrose Comments on Article By Mergermarket Relating To GKN Offer
Friday, 23 Mar 2018 

March 23 (Reuters) - Melrose Industries PLC::NOTES ARTICLE PUBLISHED BY MERGERMARKET DATED 22ND MARCH 2018 RELATING TO ITS OFFER FOR GKN.CONFIRMS NO SPOKESPERSON AUTHORISED BY CO MADE COMMENTS IN RELATION TO CO BEING CONFIDENT IT WILL MEET MINIMUM THRESHOLD FOR SHAREHOLDER ACCEPTANCES.  Full Article

Melrose Says To Waive CFIUS, DSS Conditions To GKN Offer By April 17
Friday, 23 Mar 2018 

March 23 (Reuters) - Melrose Industries Plc ::WAIVER OF THE CFIUS AND DSS CLEARANCE CONDITIONS.CONTINUES TO HAVE DISCUSSIONS WITH CFIUS AND DSS IN U.S. IN RELATION TO OBTAINING CLEARANCE WITHIN EXPECTED TIMETABLE FOR FINAL OFFER FOR GKN.‍MELROSE CONFIRMS IT WILL WAIVE CFIUS AND DSS CONDITIONS TO ITS OFFER BY NO LATER THAN 17 APRIL 2018​.SAYS DETAILED DISCUSSIONS IN RESPECT OF POTENTIAL INTERIM MITIGATION MEASURES.‍DEADLINE FOR ACCEPTANCES OF FINAL OFFER IS 1.00 P.M. ON MARCH 29, 2018​.  Full Article

Melrose Reaches Agreement With GKN Pension Scheme Trustees
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Melrose Industries Plc :REACHES AGREEMENT WITH GKN PENSION SCHEME TRUSTEES.AGREEMENT WITH GKN PENSION SCHEME TRUSTEES INCLUDE CASH CONTRIBUTIONS OF UP TO 1 BILLION STG TO FUND GKN SCHEMES.PAYMENTS TO THE SCHEMES WILL BE SECURED BY A MELROSE GUARANTEE.  Full Article

Gkn Group Pension Schemes Trustees Says It Had Number Of Discussions With Melrose
Monday, 12 Mar 2018 

March 12 (Reuters) - Gkn Group Pension Schemes Trustees::HAD NUMBER OF DISCUSSIONS WITH MELROSE BUT YET TO RECEIVE PROPOSALS ADDRESSING KEY CONCERNS THAT TRUSTEES HAVE RAISED‍​.WOULD VERY MUCH LIKE TO PROGRESS THESE DISCUSSIONS WITH MELROSE.  Full Article

Deals of the day-Mergers and acquisitions

Oct 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: