Deals

Another Corporate Headache Lands on Theresa May’s Lap

U.K. defense secretary mulls involving competition watchdog
Takeover could be challenged on national security grounds

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alex Morales and Scott Hamilton

April 3, 2018 at 4:00 AM UTC

Updated on

April 3, 2018 at 12:52 PM UTC

This article is for subscribers only.

Yet another corporate headache has landed on U.K. Prime Minister Theresa May’s lap in the shape of Melrose Industries Plc’s hostile 8.1 billion pound ($11.4 billion) takeover of government contractor GKN Plc.

For a Conservative leader, she is viewed as anti-business, and in spite of her rhetoric about guarding the national interest, she hasn’t acted on her words.