* To meet GKN shareholders, posts presentation for investors
* Melrose offer undervalues our company- GKN spokesman
* GKN shares jump (Adds GKN statement, analyst comments, details, share movement)
By Noor Zainab Hussain
Jan 15 (Reuters) – Turnaround specialist Melrose appealed directly to GKNs investors to back its 7 billion pound ($9.6 billion) takeover offer after the British engineering companys board rejected it.
GKN disclosed on Friday that it had rebuffed a 405 pence per share cash-and-stock offer made on Jan 8 as it set out plans to split its aerospace and automotive businesses. On Monday, GKN indicated it would stand by this rejection.
GKNs shares were up 3.9 percent at 436.7 pence at 1215 GMT, sitting at the top of Londons blue…
Read the full article at: https://www.reuters.com/article/gkn-ma-melrose-inds/update-2-melrose-courts-gkn-investors-after-company-spurns-96-bln-bid-idUSL3N1PA3RC