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August 8, 1988

AMSTRAD AND GEC TALKS

By CBR Staff Writer

With very little business being done, City parlours are not surprisingly alive with gossip right now, and an intriguing item turned up in The Independent on Friday: some 18 months or so ago, there were serious discussions between Lord Weinstock and Alan Sugar which the former hoped might lead to Sugar taking his Amstrad Plc into GEC Plc with the implication that one day, all this could be yours, my son, this being the rolling industrial acres that spread out from Stanhope Gate; the sticking point proved to be Sugar’s unwillingness to see Amstrad, where he still holds some 42% of the equity, completely subsumed into GEC – and The Independent’s suggestion was that lower key overtures may have been made once again, this time initially simply involving Sugar joining the board of GEC, although more might follow.

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