OPPOSITION TO MERGERS
Board Of Trade Approval (N.Z.P.A.-Reuter) LONDON, January 22. The British Board of Trade announced today that, on present information, it did not intend to refer three proposed mergers to the Monopolies Commission. The mergers involve:— Rio Tinto-Zinc Corporation, Ltd, and Borax (Holdings), Ltd. Tube Investments, Ltd, and Associated Tube Companies (Compoflex), Ltd. The Abbots, Friars and Monks Investment Trusts. Earlier this month, it was announced that in a £3oom merger, the Rio Tinto-Zinc international mining group, a British-based company with headquarters in London, proposed to take over Borax, the world’s chief producers of borates and boron compounds in a share exchange bid worth more than £s3m. Tube Investments were reported to have offered about £lm in cash for A.T.C.
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Press, Volume CVIII, Issue 31585, 24 January 1968, Page 17
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122OPPOSITION TO MERGERS Press, Volume CVIII, Issue 31585, 24 January 1968, Page 17
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