Zombies stalk takeover-land

The Gkn/melrose hostile bid imbroglio is like a zombie rising from the grave. Corporates are carnivorous again.

Cue trite exchanges: under-managed company that needs a new broom from outside; opportunistic/derisory offer (delete as appropriate or, hell, leave both in);target GKN has lost its way and needs a turnaround specialist like Melrose; the suitor is in effect a short-term assetstripper which doesn’t operate on the necessary ten and 20 year timeframes for GKN’S aerospace business; Takeover Panel interjections on the conflicting claims; MPS fulminating. All boxes ticked.