GKN takeover bid under review over security concerns

Ministers are assessing blocking Melrose’s £7bn offer for British firm, MPs told Ministers are undertaking an assessment of whether the proposed takeover of GKN should be blocked on national security grounds, a senior civil servant told MPs.
Business department permanent secretary Alex Chisholm said the assessment was not complete and an announcement on the result could come before or after the end of the bid process. Continue reading...