HC Deb 17 January 1972 vol 829 cc7-8W
50. Dr. Gilbert

asked the Secretary of State for Trade and Industry how many suggestions for formal references the Monopolies Commission has made to him.

Mr. Ridley

One.

73. Mr. Milne

asked the Secretary of State for Trade and Industry if he will introduce legislation to instruct firms seeking to institute take-over bid measures to consult with the Government Department concerned, the Monopolies Commission and the firm or firms with whom they seek to merge; and if he will make a statement.

Mr. John Davies

I already consider whether a reference should be made to the Monopolies Commission of any merger proposals that meet the criteria in the existing legislation, and my officials consult the firms concerned as necessary. It would not be practicable either to extend this procedure to all merger proposals or to attempt to enforce compulsory consultation between firms in merger transactions.

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