Porton Down may be sold off

Article Abstract:

The Ministry of Defence chemical and biological defence establishment Porton Down, may be privatised by the Treasury. The nature of what goes on at Porton Down will require the sale to be highly safeguarded, but the sale is necessary to raise money for public expenditure. The sale is being considered under the sale of Defence Evaluation Research Agency (Dera) which is responsible for running the chemical and biological establishments in Wiltshire, UK. it employs some 12,000 people and the sale has the full backing of the management. There are some concerns that the privatisation of the Dera could have repercussions upon the commercial links it has with the US government laboratories. There is some interest in the Dera from the aerospace industry, but no definite decision concerning a sale has been reached. The Dera at Porton Down owns six wind tunnels, tank-testing tracks, 16 satellite facilities, radio station, jetties, fire station and sea ranges across the UK. If it were sold the deal would include all test facilities, laboratories and accommodation.

Comment:

UK: Ministry of Defence chemical & biological defence establishment Porton Down, may be privatised by the Treasury

All Other Basic Organic Chemical Manufacturing, Biological Warfare Materials, Chemical Weapons, Biological weapons, Dept/Ministry of Defense, Executive Branch

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Azlan ends takeover talks as offers fail to satisfy

Article Abstract:

UK based computer components supplier, Azlan, is understood to have called off takeover talks with two potential bidders. Although these bidders have not officially been disclosed it is understood that they may have been US based distributors, CHS and Techdata, as both have European expansion plans. It is believed that Azlan decided to call off the talks because the offer was not of value to its shareholders, although details of the offer or what Azlan is demanding have not been disclosed. Mr Barrie Morgans, the current chairman and chief executive, has announced that he is to promote Mr Peter Bertram to the position of chief executive. Mr Bertram is currently the finance director of Azlan. Mr Morgans will remain as a non-executive chairman.

Comment:

Cancels takeover talks with two potential bidders

Professional and Commercial Equipment and Supplies Wholesalers, Business & Commercial Eqp Whsle, Azlan

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Curry maker takes away 40m from sale

Article Abstract:

WT Foods, the UK based ethnic food group, is understood to be holding negotiations with the Noon Group, the UK based chilled and frozen curry business, about a possible takeover. The discussions are likely to last for a few weeks but if the deal goes ahead Mr Gulan Noon, the founder of the Noon Group stands to make some GB 40mn from the sale. WT Foods is planning to run the company using its existing management.

Comment:

Holds negotiations w/ chilled & frozen curry co Noon Group on a possible takeover

Acquisitions & mergers, Food Manufacturing, Frozen Specialties, Frozen Food Manufacturing, Ethnic Foods, Frozen foods, WT Foods, The Noonan Group

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