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Melrose Industries shares climb 8% after targeting September 28 for full production at Garden Grove plant
Melrose Industries shares rose 8% on Tuesday after the GKN Aerospace owner announced it aims to resume full production at its Garden Grove facility by September 28. The company also agreed to pay up to $100 million to settle damage claims stemming from a May incident involving an overheating chemical tank. A district attorney in California closed its criminal investigation into the incident on Monday without bringing charges.
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