LONDON -- British engineering group GKN has set a deadline to break itself up by the middle of next year to help boost value for shareholders as it seeks to stave off a 7 billion-pound ($7.4-billion) hostile bid from Melrose Industries.
LONDON -- British engineering group GKN has set a deadline to break itself up by the middle of next year to help boost value for shareholders as it seeks to stave off a 7 billion-pound ($7.4-billion) hostile bid from Melrose Industries.
The expected tariff cost is significantly lower than the $4 billion to $5 billion crosstown rival General Motors estimates, which Ford attributes to its higher mix of U.S.-built vehicles.