OFT to probe ?7bn BAe/GEC merger

OFT to probe ?7bn BAe/GEC merger
Alex Mayhew-Smith The Office of Fair Trading has said it will examine the ?7bn merger deal between British Aerospace (BAe) and GEC’s defence arm. The announcement came shortly after the two sides signed a definitive agreement to go ahead with the deal, originally made public in January. European rivals such as Germany’s Dasa and Thomson-CSF are likely to lobby for divestments before the deal is allowed.


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