GKN: Melrose
(asked on 27th March 2018) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the latest date is by which he can (a) call in and (b) block the hostile takeover bid for GKN by Melrose.
This question was answered on 16th April 2018
The Government has a statutory responsibility to consider whether the takeover in its proposed final form gives rise to public interest concerns. This assessment is currently under way.
The Enterprise Act 2002 allows the Secretary of State to intervene up to four months after the completion of the transaction.