The turnaround specialist said it represented an "attractive immediate premium" of 43% on GKN's closing price on January 5 at 467p per share.
The board of GKN, a maker of parts for use by vehicle and plane makers, has been battling to show shareholders that it can create more value for them with its own plan for the company since January when Melrose first approached it.
Melrose has upped a hostile takeover offer for Redditch-based engineering company GKN to £8.1bn. The move came after the blue-chip company agreed a deal last week to merge its automotive division with Dana.
Man uses his own foot as a pillow after having it amputated
The woeful state of Indian medical institutions, especially in government-run hospitals have been a topic debate for a long time. A man has been filmed using his own left foot as a pillow after doctors amputated it when he was involved in a bus crash .
Melrose called GKN's attempts to fend off the approach a "hasty fire sale of GKN businesses before they have reached their potential".
It has gone directly to shareholders with its offer because, it said, the GKN board continued to refuse any "constructive discussions".
Hikma Pharmaceuticals Plc said on Monday it plans a new clinical study on its generic version of GlaxoSmithKline's GSK.L popular lung drug Advair, as it looks to resolve an ongoing dispute with the Food and Drug Administration over plans to launch the drug in the U.S.
Golden State Warriors vs Minnesota Timberwolves: Lineups, preview & prediction 3/11/18
Warriors forward Andre Iguodala has been ruled out of Sunday afternoon's game against the Timberwolves with a sprained left wrist. Draymond Green added 10 points, eight rebounds and seven assists, but he had trouble defending Karl-Anthony Towns down low.
Under a previous offer, GKN shareholders would have received 1.49 new Melrose shares.
Mr Miller said some GKN investors would not be able to hold the foreign listed shares, adding that the Driveline agreement was likely to involve a "lengthy and uncertain completion process" with competition clearances needed in the US, EU and China.
Melrose responded by taking its offer directly to GKN investors, ramping up the pressure on GKN's newly appointed chief executive, Anne Stevens.
West Ham legend Trevor Brooking sends relegation warning to Hammers fans
I think it not an excuse but it is a chance to show their emotions towards, not so much the players, but the board. He told BBC Radio 5 live's Sportsweek "that atmosphere must never come back".
GKN shareholders have until 29 March to decide whether or not to accept Melrose's offer.
- Fortnite now has cross-play support between Xbox One, PC and Mobile
- England will be gunning for Grand Slam revenge - Sexton
- Manchester United still waiting for Sanchez to shine
- Home Sweet Home: Marquise Goodwin Has 'Flourished' in Year 1 in SF
- Trump's repeat attacks on Maxine Waters's IQ are familiar
- Man United plan summer move to sign FC Barcelona star
- Breaking down the NCAA tourney — March Madness
- Kathmandu Plane Crash: US-Bangla Aircraft Skids Off Runway, Many Casualties Feared
- NCAA tournament preview: No. 9 Florida State
- Kenya stun U.S. as they enter Canada Sevens finals