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EconomyMelrose shares rise on Garden Grove plant reopening target

Shares in Melrose Industries gained 8% on Tuesday after the owner of GKN Aerospace said it was aiming to restore full production at its Garden Grove facility on September 28. The company will pay up to $100 million to settle damage claims linked to a chemical tank that overheated in May.

Melrose IndustriesGKN AerospaceGarden Groveplant reopening

RReuters★★☆☆☆2026-08-25 10:05Original

Melrose shares rise on Garden Grove plant reopening target
Melrose shares rise on Garden Grove plant reopening targetEconomy