§ Mr. Arnoldasked the Secretary of State for Trade and Industry (1) what is his policy towards takeovers of public limited companies by management groups from outside such companies;
(2) if the Director General of Fair Trading has provided him with information about the management buy-in of Simon Engineering plc by means of an offer by a new management and institutional consortium through Valuedale plc; and if he will make a statement.
§ Mr. HowardI will write to my hon. Friend as soon as possible.