Contact Us: 01282 426380
KM Financial Solutions | GKN says hostile bidder Melrose’s debt plan could hit pension scheme
8794
post-template-default,single,single-post,postid-8794,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,hide_top_bar_on_mobile_header,qode-child-theme-ver-1.0.0,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive
 

GKN says hostile bidder Melrose’s debt plan could hit pension scheme

28 Jan GKN says hostile bidder Melrose’s debt plan could hit pension scheme

Posted at 07:32h in News by
0 Likes
LONDON, Jan 29 (Reuters) – GKN issued a new salvo
against Melrose’s hostile bid on Monday by warning that
raising the company’s debt ratio could reduce the strength of
its covenants and therefore increase the cash needed to fund its
pension.

No Comments

Sorry, the comment form is closed at this time.