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Great Universal Stores

Volume 35: debated on Tuesday 18 January 1983

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asked the Minister for Trade if he will state to whom his Department gave advance notice of its intention of publishing the Monopolies Commission's report on the takeover bid by Great Universal Stores Ltd. of the Empire Stores (Bradford) additional to the notification on 4 January to the latter-named company; and whether he will cause an investigation to be made into any inside dealings due to such prior announcement and notification.

On 4 January 1982 Great Universal Stores PLC and Empire Stores (Bradford) PLC, and the financial advisers to these companies, were notified that the report would be published on 6 January. Also on 4 January, the Stock Exchange was notified of the publication date; the information was thus available to the market as a whole. I have no evidence which would suggest the need for an investigation.