06-03-2018 17:41 via theguardian.com

Melrose's £7bn bid for GKN poses threat to UK security, MPs told

Melrose bosses say they will not sell parts of business to China or Russia after warning from unionA proposed £7bn hostile takeover of the UK engineering company GKN by the turnaround specialist Melrose poses a threat to Britain’s national security and must be stopped by the government, MPs have been told.Union leaders said Melrose’s strategy of buying companies and holding on to them for just three to five years was incompatible with GKN, which supplies parts and technology to
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