Melrose Industries (LON: MRO) has been one of the most successful companies that started out on AIM. It is one of the few that has managed to move into the FTSE 100 index after switching to the Main Market. That followed a series of acquisitions. On 20 April there will be a demerger that will split Melrose into the aerospace business and Dowlais.
At 160.5p, Melrose is valued at £6.5bn. Net debt was £1.14bn at the end of 2022. Existing investors will receive one new share for three existing shares in a share consolidation – equivalent to 481.5p - and then shareholders will receive one Dowla...
