§ Mr. Gryllsasked the Secretary of State for Trade and Industry what action he is taking on the proposed acquisition of William Timpson Limited by Sears Holding Limited or United Drapery Stores Limited.
§ Sir G. HoweI have today referred the proposed acquisition of William Timpson Ltd. by Sears Holdings Ltd. to the Monopolies Commission for investigation and report within five months. I have sought an undertaking from Sears Holdings Ltd. to hold their proposed acquisition in abeyance meantime. I have decided not to refer to the commission the proposed acquisition of William Timpson Ltd. by United Drapery Stores Ltd.