UK-based aerospace supplier GKN is facing a takeover bid from turnaround specialist Melrose Industries. GKN provides a wide range of components for Airbus and Boeing and is the world’s largest supplier of aircraft transparencies. It issued two profit warnings in 2017, partly related to the discovery of inventory irregularities at its US aerospace plants that could lead to write-offs in value of up to £130 million ($180 million). The second warning, in November, led to the ...

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