Melrose puts the squeeze on

Engineering buy-out firm Melrose said it had failed to persuade all the shareholders in German takeover target Elster Group to hand over their stock and would now force them to sell.

Engineering buy-out firm Melrose said it had failed to persuade all the shareholders in German takeover target Elster Group to hand over their stock and would now force them to sell.

However, it said the "squeeze-out" process would delay the takeover by a number of months due to regulatory issues in Germany.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.