REG - Melrose Industries GKN PLC - Statement re US and Canada Anti-Trust <Origin Href="QuoteRef">GKN.L</Origin> <Origin Href="QuoteRef">MRON.L</Origin>

Melrose IndustriesAnnouncement

26/02/2018 07:05

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RNS Number : 8879F
Melrose Industries PLC
26 February 2018 
 
LEI: 213800RGNXXZY2M7TR85 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION 
 
FOR IMMEDIATE RELEASE 
 
26 February 2018 
 
Acquisition of GKN plc: Update in relation to US and Canada Anti-Trust 
 
Melrose announces the following updates in respect of regulatory clearances
relating to its Offer for GKN: 
 
·      United States: the Federal Trade Commission has granted early
termination of the applicable waiting period under the Hart Scott Rodino Act,
thereby providing clearance in respect of US anti-trust. 
 
·      Canada: the Competition Bureau has issued a no-action letter to Melrose
noting that it does not intend to make an application under section 92 of the
Competition Act, thereby confirming the completion of its review and effective
clearance in respect of Canadian anti-trust. 
 
Capitalised terms used but not defined in this announcement have the meanings
set out in the Offer Document dated 1 February 2018. 
 
Enquiries: 
 
 Montfort Communications:Nick Miles, Charlotte McMullen                        +44 (0) 20 3514 0897+44 (0) 7973 130 669 / +44 (0) 7921 881 800  
 Rothschild (Financial Adviser to Melrose):Ravi Gupta, Yuri Shakhmin           +44 (0) 20 7280 5000                                             
 RBC Europe Limited (Financial Adviser to Melrose):Mark Preston, Chris Squire  +44 (0) 20 7653 4000                                             
 Investec (Corporate Broker to Melrose):Keith Anderson, Carlton Nelson         +44 (0) 20 7597 5970                                             
 MelroseGeoffrey Martin (Finance Director)                                     +44 (0) 20 7647 4500                                             
 
 
Important notice 
 
N M Rothschild & Sons Limited ("Rothschild"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom, is acting
exclusively for Melrose and for no one else in connection with the subject
matter of this announcement and will not be responsible to anyone other than
Melrose for providing the protections afforded to its clients or for providing
advice in connection with the subject matter of this announcement. 
 
RBC Europe Limited, which is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation
Authority in the United Kingdom, is acting exclusively for Melrose and for no
one else in connection with the subject matter of this announcement and will
not be responsible to anyone other than Melrose for providing the protections
afforded to its clients or for providing advice in connection with the subject
matter of this announcement. 
 
Investec Bank plc ("Investec"), which is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the United Kingdom, is acting exclusively
for Melrose and no one else in connection with the subject matter of this
announcement and will not be responsible to anyone other than Melrose for
providing the protections afforded to its clients or for providing advice in
connection with the subject matter of this announcement. 
 
Rule 26.1 disclosure 
 
In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available at www.melroseplc.net by no later than 12 noon (London time) on the
business day following this announcement. 
 
The content of the website referred to in this announcement is not
incorporated into and does not form part of this announcement. 
 
Important notice for US shareholders 
 
This Announcement does not constitute an offer of securities for sale in the
United States. Securities may not be offered or sold in the United States
absent registration or an exemption from registration.  Melrose does not
intend to make a public offering of securities in the United States, but if
undertaken any such public offering would need to be made by means of a
prospectus that would contain detailed information about the company and
management, as well as financial statements. 
 
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