Melrose claims victory in £8.1bn takeover battle for engineering giant GKN

Takeover specialist Melrose has won control of British engineering giant GKN after a bitter £8.1bn battle for the company.Melrose clinched the cash and shares deal despite warnings from GKN's management, who vigorously resisted the approach, by going directly to shareholders with a hostile bid.Christopher Miller, Melrose's chairman, said the business would be in "very good hands" but Labour MP Jack Dromey said it was a "bleak day for British industry".