Melrose, a UK-based turnaround specialist, said on Monday that GKN investors would receive 81 pence in cash for every GKN share they hold, plus 1.69 new Melrose shares under its offer, upping the equity part of the deal from 1.49 new Melrose shares.
It has also raised the amount GKN shareholders would own in Melrose following the deal from 57% to 60%.
Melrose Industries has sweetened its hostile takeover offer for GKN, valuing the British engineering group at £8.1 billion. It has offered to give back £2.5bn to shareholders and agreed to merge its vehicle unit with United States company Dana.
"The board of GKN is now evaluating the revised offer".
GKN, one of Britain's oldest engineering businesses, has been fighting off Melrose's advances since mid-January, when it rejected a £7.4bn bid.
Trump's repeat attacks on Maxine Waters's IQ are familiar
Waters said Trump diverts attention from tumult at his White House by going on the attack against his political enemies. Mnuchin. "This is something that is at a campaign rally and the president likes making amusing names", said Mr.
Christopher Miller, chairman of Melrose, described the tie-up with Dana as a "bad deal" in a letter to GKN shareholders and accused the GKN board of attempting a "hasty fire sale".
Mr Miller said: "Your Board has unequivocally declined each time to enter into any such discussions with us and, as recently as Friday 9 March, was unwilling to even enquire on your behalf as to the terms of any revised proposal, a decision that no doubt you will find both surprising and disappointing".
Melrose's share price meanwhile has slipped into the red and is now 0.76 percent lower at 223.00p, as compared with a 0.32 percent gain in the mid-cap FTSE 250 index.
In a letter to GKN shareholders, Melrose's chairman Christopher Miller said: "On the one hand you can join us on a journey of value creation by investing in a United Kingdom listed manufacturing powerhouse worth over £10 bn today and receiving £1.4bn of cash".
The deadline to accept Melrose's increased offer is 1pm on Thursday March 29.