A Labour government would seek to stop deals that threaten to ‘destroy our industrial base’
Jeremy Corbyn will promise in a speech that a future Labour government would “intervene to prevent hostile takeovers” like investment firm Melrose’s £7.4bn bid for British manufacturing company GKN.
The Labour leader will tell delegates at the EEF manufacturing conference in London that if the party wins the next election it will “broaden the scope of the public interest test” to allow the government to stop takeovers that threaten to “destroy our industrial base”.
Related: Melrose's GKN bid is getting disgracefully little political scrutiny | Nils Pratley
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2BDOxk3
No comments:
Post a Comment