Explanatory note
(This note is not part of the Order)
The General Electric Company, plc, Siemens AG, their subsidiaries and their associates are prohibited by this Order from acquiring any shares or interests in shares in The Plessey Company plc if together they would have 15 per cent or more of any class of voting shares, from exercising 15 per cent or more of voting rights and from making agreements with others to secure control of Plessey.
The proposed mergers of GEC and Plessey and of Siemens and Plessey have been referred to the Monopolies and Mergers Commission.
The Order, unless previously revoked, will cease to have effect–
40 days after the Commission’s report is laid before Parliament; or
on the failure of the Commission to report within the period allowed.