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Summary

On 7 October 1987 the Department of Trade and Industry sent to the Commission the following reference:

Whereas it appears to the Secretary of State that it is or may be the fact that arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a merger situation qualifying for investigation as defined in section 64(8) of the Fair Trading Act 1973 (' the Act'), in that:

(a) enterprises carried on by or under the control of Chappell & Co Inc (of which one at least is carried on in the United Kingdom) will cease to be distinct from enterprises carried on by or under the control of Warner Communications Inc; and

(b) the value of the assets which will be taken over exceeds £30 million:

Now, therefore, the Secretary of State, in exercise of his powers under sections 69(2) and 75 of the Act, hereby refers the matter to the Monopolies and Mergers Commission for investigation and report within a period of four months beginning with the date of this reference.

In relation to the question whether a merger situation qualifying for investigation will be created if the arrangements herein referred to are carried into effect the Commission shall exclude from consideration section 64(1 )(a) of the Act.

(Signed) R E ALLEN
An Assistant Secretary
1 October 1987 Department of Trade and Industry

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