Take-over bid for U.K. firm
. e < t.V.Z.P.A -Rcuier —Copp right I LONDON. 1 The British Secretary of -(State for Industry (Mr Anthony Wedgewood Benn) has asked an American firm 7 to halt negotiations for the J sale of Daimler Hire. Ltd. the; ’■exclusive London car hirej (■firm that provides cars and! (chauffeurs for the wealthy. 1 After meeting a delegation; from Daimler Hire. Mr Benn J has made the request in a (telegram to the vice-presi-dent of the Radio Corpora•tion of America, which owns: ! Daimler Hire through Hertz. Mr Benn was told that Dr , Alan Applestein. chairman of ( the Master Capital Corporation. of Florida, had ap- ! proached Hertz with a view (to acquiring Daimler Hire. . * On behalf of the delegation. Mr Benn has asked (that the negotiations bej ( (halted “to give time to con-!' Isider an alternative solution ] which would return the com- j (pany to British ownership!; under a management pattern i, which recognises that the's real value of this company lies in the skill and ability of I j those who work in it." i Daimler Hire employs 150 A chaffeurs. engineers, and if office staff. ! I
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Press, Volume CXIV, Issue 33654, 2 October 1974, Page 22
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189Take-over bid for U.K. firm Press, Volume CXIV, Issue 33654, 2 October 1974, Page 22
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