HC Deb 18 February 1980 vol 979 cc49-50W
Mr. Beaumont-Dark

asked the Secretary of State for Trade whether, in the light of the recent moves in the purchasing of large minority stakes in United Kingdom companies, as with De Beers' purchase of 25 per cent. holding in Consolidated Goldfields, he will bring forward regulations to ensure that all shareholders are afforded an equal opportunity to sell at the same price if they so desire.

Mr. Eyre

Matters of the kind raised by my hon. Friend are best dealt with under the rules of the Stock Exchange and the panel on takeovers and mergers, rather than by legislation. Inspectors have, however, been appointed to report on certain aspects of the Consolidated Goldfields affair and I understand that the Stock Exchange has also set up an inquiry. We must now await the result of these investigations.

Forward to