A number of ShareSoc members have asked the ShareSoc Board for their recommendations for the GKN offer from Melrose. ShareSoc is not FCA registered and cannot give advice - and neither can I.
Why have fund managers, who should be talking a long-term view, sold 25% of GKN to short-term opportunists? Why are 11% of Melrose shares shorted? Why has the Melrose share price not dropped hugely in the face of this short selling?
The final offer is for 81p plus 1.69 Melrose ...