View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 6, 1989

NEWS ON THE GEC-SIEMENS BID FOR PLESSEY

By CBR Staff Writer

It’s nailbiting time at Millbank Tower as the Monopolies & Mergers Commission comes up to the wire on its deadline to report on whether GEC Siemens Plc should be allowed to come back with a new bid for Plessey Co Plc: despite the fact that the case against the bid being allowed to proceed has been much more cogently put than the case in favour, the City is convinced that the bid will be allowed to go ahead, but Plessey Semiconductors has fired another salvo, saying that the one remaining British chipmaker had seen record demand and profits over the past three months, but that the threat of the bid had put a blight on new investment as Plessey diverts cash to putting its case for continued independence, and that only essential projects were currently proceeding.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU