Macfarlanes and Slaughters advise alongside US M&A heavyweights as GKN seals $6.1bn Dana deal

The offer follows Melrose's rejected bid for GKN's automotive business earlier this year

Macfarlanes has won a role advising US car parts maker Dana on its $6.1bn (£4.4bn) bid to combine with FTSE 100 engineering business GKN.

The bid, announced by Dana this morning, comprises $1.6bn (£1.2bn) in cash, $1bn (£700m) of net pension liabilities, and new Dana shares issued to GKN’s shareholders, valued at approximately $3.5bn (£2.5bn).

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