Takeover target GKN plans to split into two next year

LONDON (Reuters) - British engineering group GKN has set a deadline to break itself up by the middle of next year to help boost value for shareholders as it seeks to stave off a 7 billion-pound hostile bid from Melrose Industries .

from Reuters: Top News http://uk.reuters.com/article/uk-gkn-results/takeover-target-gkn-plans-to-split-into-two-next-year-idUKKCN1GB0N9?feedType=RSS&feedName=topNews