HC Deb 20 May 1976 vol 911 cc655-6W
Dr. Reginald Bennett

asked the Secretary of State for Prices and Consumer Protection whether the long-expected bid of Prestcold Ltd. for the Searle Manufacturing Company has been made with the full knowledge and approval of the Monopolies Commission; and what percentage of the home market for domestic and for other products the conjoint companies are currently considered to command.

Mr. John Fraser

This acquisition has only just been announced and I cannot, therefore, give an immediate decision concerning reference to the Monopolies and Mergers Commission. But I hope to announce my decision shortly. I understand that the combined companies would possess a technical monopoly—in excess of 25 per cent.—in the supply of one kind of commercial refrigeration component.