Proposed acquisition by General Electric of Smiths Aerospace - Ian Mccartney accepts undertakings.

0 Comments | M2 Presswire, May, 2007

M2 PRESSWIRE-1 May 2007-UK Government: Proposed acquisition by General Electric of Smiths Aerospace - Ian Mccartney accepts undertakings(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:01052007 Ian McCartney, Minister for Trade, Investment and Foreign Affairs announced today that he has accepted undertakings instead of referring the proposed acquisition of Smiths Aerospace to the Competition Commission.

The undertakings address the protection of sensitive information and ensure that the UK maintains certain strategic capabilities unique to Smiths Aerospace. Mr McCartney's decision follows an invitation to interested parties to make their views known on the content of the undertakings he was proposing to accept by 25 April 2007. No representations were...