Melrose Industries is trading at £509.00 (+10.17%) after prosecutors dropped criminal charges related to the GKN Aerospace Garden Grove incident.
- GKN is targeting September 28, 2026 to resume full manufacturing, with customer deliveries expected during the fourth quarter.
- Melrose will offer up to $100 million through a claims program for evacuation-related damages.
- The legal development removes a significant overhang while the reopening timetable supports recovery expectations.