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Engineering group GKN plc has put its powder-metallurgy business up for sale in the first wave of a restructuring program, aimed at improving its revenues and financial performance. The group also faces a hostile takeover attempt by Melrose Industries plc.
GKN designs and manufactures engineered aerospace and automotive parts, including forgings, and last fall it reorganized several of its activities into a new business unit for additive manufacturing. The group currently has four business units: GKN Additive, GKN Aerospace, GKN Driveline, and GKN...