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Thornyeroft . Merger Proposed A T the annual general meeting of John

4th November 1949, Page 32
4th November 1949
Page 32
Page 32, 4th November 1949 — Thornyeroft . Merger Proposed A T the annual general meeting of John
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Which of the following most accurately describes the problem?

I. Thornycroft arid Co., Ltd., on November 16, shareholders will be asked to approve a proposal by the boardthat, if .the basis of exchange appears equitable, shares in Transport Equipment (Thornycroft), Ltd., Should be exchanged • for shares in another company "with like interests." The object is to strengthen the competitive power of both companies in the home and export markets.

There was much speculation at the Paris Show as.to the name of the company with which the Thornyeroft'concern proposes to link up.