Simpson Thacher Represents Melrose on Its Unilateral Offer for GKN
01.18.18
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The Firm is representing Melrose Industries PLC in connection with its recently announced unilateral offer to acquire GKN plc, the FTSE 100 engineering firm. GKN designs, manufactures and services systems and components for the aerospace, driveline and powder metallurgy industries globally.
Melrose’s £7.4 billion share and cash offer is the largest unilateral bid in the U.K. since 2009. The cash element will be financed through a new debt facility, which will also be used to refinance the existing Melrose and GKN indebtedness.
The Simpson Thacher team includes Adam Signy, Ben Spiers, James Connor, Ying Yi Soh, Chris Vallance, Hamesh Khatkar and Harris Kaufman (M&A – U.K.); Ambarish Dash and George Dye (Credit); Nick Shaw and Hillyer Jennings (Capital Markets); David Vann, Preston Miller and John Skinner (Antitrust); and Peter Thomas, David Shogren, Mark Skerry and Claire DiMario (Regulatory).