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January 17, 1989


By CBR Staff Writer

Metsun Ltd, the company organised by Lazard Brothers & Co to weigh up a bid for GEC Plc is now expected to forestall any political storm by requesting that its proposal to bid be referred at once to the Monopolies & Mergers Commission. According to the Evening Standard, it is hoping to sign a memorandum of understanding with AT&T Co on the latter’s buying into GEC Plessey Telecommunications, a move that could fall foul of regulators in the US.

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