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Allied Lyons (Takeover)

Volume 87: debated on Monday 18 November 1985

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asked the Secretary of State for Trade and Industry (1) when he expects to receive a report from the Director General of Fair Trading on the proposed takeover of Allied Lyons by Elders IXL;(2) if he will refer to the Monopolies and Mergers Commission the proposed takeover of Allied Lyons by Elders IXL.

asked the Secretary of State for Trade and Industry when he expects to reach a decision on the possible reference to the Monopolies and Mergers Commission of the bid by Elders IXL Ltd. to take over Allied Lyons; and if he will make a statement.

The proposed merger between IXL Ltd and Allied Lyons plc is currently being considered by the Office of Fair Trading. My right hon. and learned Friend will anounce his decision on a reference to the Monopolies and Mergers Commission as soon as is practicable in the light of the advice which he will receive from the Director General of Fair Trading.