We have also reduced our position in companies that have been subject to corporate movements. For example, the British company GKN (LSE:GKN), reached record highs after a purchase offer from Melrose. Our analysis indicated that only the sum of the aerospace and car industry businesses alone offered a very high revaluation potential. Others in the market have now discovered this value.
From Bestinver's first quarter 2018 shareholder letter.
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