Melrose said it had received majority support from GKN shareholders for its final offer following a hostile takeover battle that has lasted for over two months and ignited a political debate over the tactics used by the turnaround specialist.

"We are delighted and grateful to have received support from GKN shareholders for our plan to create a UK industrial powerhouse," Melrose chairman Christopher Miller said in a statement.

"We are looking forward to working with GKN's talented workforce and to delivering for customers and all stakeholders... Let me assure you that GKN is entering into very good hands," he said.

Business Secretary Greg Clark has come under pressure to intervene in the deal amid concern expressed by MPs over asset stripping that could harm national security given GKN's defence industry role.

Clark has called for "binding" agreements over Melrose's proposal for the future of GKN.

Melrose has already committed to keep GKN listed in London and headquartered in Britain as part of a five-year pledge.

GKN was instrumental in defence manufacturing during the First and Second World Wars and makes wing tips for planes made by European giant Airbus.

GKN shares shot up over 9 percent in late afternoon trading.