GKN shareholders aren't quite in the mood for love – yet | Nils Pratley

Melrose’s bid is too low – and the stock market is getting the messageIt would be an exaggeration to say GKN’s shareholders, after being blasted by management presentations for the past week, have suddenly fallen in love with their misfiring engineering giant. But something may be stirring.For almost the first time since Melrose launched its £7bn reverse takeover bid, GKN’s shares are trading consistently above the value of the offer. GKN closed on Thursday at 435p