GKN shares slide as first meeting between union and takeover specialists ends in acrimony
A “full and frank” meeting between trade union officials and the company mounting an £8bn hostile takeover for GKN broke up in acrimony on Monday amid accusations that the would-be buyer would not give assurances on future investment.
Unite said it had no confidence in bidder Melrose following the meeting, the first time the two sides had got around the table since the controversial hostile bid for GKN was unveiled in January.