Julian Jessop writes for City AM

Julian Jessop, Chief Economist at the Institute of Economic Affairs has written for the City AM debate column about why the government should not block the Melrose takeover bid for UK engineering giant GKN.

In his article Julian argues that opponents have raised fears that the purchaser would saddle the company with excessive debt and undermine its pension fund. However, existing GKN shareholders are being offered a mix of cash and shares in Melrose. If the new managers did mess it up, these shareholders would suffer too. It should therefore be left to them to decide whether the deal is a good one.

Read the full article here.