HC Deb 01 December 1988 vol 142 c366W
Mr. Grylls

To ask the Chancellor of the Duchy of Lancaster what procedures have to be followed should a company, asked to enter into assurances not to buy shares in a particular company following a Monopolies and Mergers Commission refusal to allow a takeover, seek to be released from such assurances.

Mr. Maude

The Director General of Fair Trading will advise the Secretary of State for Trade and Industry on whether undertakings given following a Monopolies and Mergers Commission report should be varied or superseded, in accordance with section 88(4) of the Fair Trading Act 1973.

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