Dana CEO meeting top GKN investors in attempt to fight off Melrose

Newswire

By Ben Martin LONDON, March 13 (Reuters) - The chief executive of U.S. firm Dana Incorporated is in London meeting top GKN shareholders in a drive to persuade the British engineer's investors to back a deal with Dana and reject a hostile bid by Melrose Industries. GKN agreed a $6.1 billion deal to merge its automotive division with Dana, an Ohio-based maker of axles and driveshafts, on Friday in a transaction it hopes will help to fend off an unwanted takeover ...

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