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Rover Bid Cleared

5 May 1988

Reuters

British Aerospace P.L.C. received clearance from the British Government to proceed with its $150 million, or $279 million, acquisition of the Government's 99.8 percent stake in the car maker Rover Group P.L.C., the latest in a long line of privatization deals under the Conservative Government of Prime Minister Margaret Thatcher. The deal still requires approvals from the European commission and British Aerospace shareholders.

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Thu, 31 Mar 1988
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Sat, 09 Apr 1988
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Mon, 11 Apr 1988
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Fri, 15 Apr 1988
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Tue, 19 Apr 1988
THE GUARDIAN The threat of a strike at the car maker Jaguar was averted yesterday with an announcement that the workforce had voted...
Thu, 12 May 1988
THE GUARDIAN By Andrew Cornelius Industrial Correspondent British Aerospace told MPs yesterday that it would support Rover's plans...
Tue, 24 May 1988
THE GUARDIAN Andrew Cornelius visits the new £55 million design and engineering centre. As City investment analysts advise investors...
Thu, 14 Jul 1988
AP British Aerospace P.L.C. said today that it would reconsider its takeover bid for Rover Group P.L.C. after the European Community...
Sat, 16 Jul 1988
AP British Aerospace P.L.C. will go ahead with its takeover of Rover Group P.L.C. despite conditions the European Community's Executive...
Tue, 19 Jul 1988
DAILY EXPRESS By Barry Devney NEARLY 5,000 jobs are to be axed by the Rover Group. Yesterday's announcement of losses angered union...
 

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