HC Deb 19 February 1987 vol 110 cc747-8W
Mr. Austin Mitchell

asked the Secretary of State for Trade and Industry what informaion he has as to how many merchant banks have offered inducements to individuals and bodies corporate to buy the shares of companies involved in takeover battles in the knowledge that the cost would be recovered directly or indirectly from the companies whose shares had been acquired.

Mr. Howard

Specific allegations have been made in only one case. These allegations are being investigated.

Back to