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GKN has changed CEOs, embarked on a two-year profit drive and now is battling a hostile takeover -- all while launching its advanced eDrive technology.
GKN sharpened its argument against a hostile takeover attempt by Melrose, outlining plans to divest businesses, slash costs and return $3.5 billion in cash to shareholders.
GKN rejected a takeover offer from turnaround specialist Melrose after naming former Ford executive Anne Stevens as CEO.
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