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GKN says Melrose criticism 'hysterical' and suggests 'desperation'

( March 28, 2018, 12:00 GMT | Official Statement) -- MLex Summary: Announcements from Melrose Industries criticising GKN's business strategy smack of "desperation," the UK maker of aerospace and automotive parts said. In a response to Melrose's remarks and ahead of a shareholder vote on Melrose's takeover bid today, GKN said Melrose has been forced to address its transient business model for GKN Aerospace, which limits flexibility and reduce the value of the company.Full statement follows: ...

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