Leon Brittan on GEC-Siemens takeover bid for Plessey

Title

Leon Brittan on GEC-Siemens takeover bid for Plessey

Genre

Interview

TX Date

12 Jan 1989

Year of production

1989

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Duration

00:01:27

Description

John Fraser interviews European Commissioner Sir Leon Brittan, who has ordered an inquiry under common market law into the proposed takeover of Plessey by GEC and Siemens. The commissioner argues that the takeover would reduce the amount of competition, and that the inquiry will operate in parallel with the British referral to the Monopolies and Mergers Commission.

Contributors

Leon Brittan; John Fraser

Keywords

Companies; Economic competition; Plessey; Business acquisitions; GEC; Siemens; Monopolies and Mergers Commission

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