Commenting on the takeover of GKN by Melrose Leader of the Liberal Democrats, and former Business Secretary Vince Cable said:
“The very narrow result (like Brexit!) suggests that this takeover is not universally popular amongst shareholders. It seems it was only secured through votes from short term speculators.
“It is absolutely crucial that the undertakings that Greg Clark secured are carefully monitored and enforced.
“But we must learn two big lessons. The first is that we need additional tests where there are long term national interests in maintaining research and development, and investment. Secondly we need to move to a system with two classes of shareholders so that short term holding for speculation cannot be given the same weight in making judgements about the long term future of a company.”