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The Merger Reference (Coats Viyella plc and Tootal Group plc) Order 1989
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- 1989 No. 1054
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
Coats Viyella plc, its subsidiaries and its associates are prohibited by this Order from acquiring any shares or interests in shares in Tootal Group plc beyond those already held, from exercising 15% or more of voting rights and from making agreements with others to secure control of Tootal.
The proposed merger of Coats and Tootal has been referred to the Monopolies and Mergers Commission. (The merger created by Coats' existing 29.9% holding in Tootal has also been referred.)
The Order, unless previously revoked, will cease to have effect–
(a)40 days after the Commission’s report is laid before Parliament; or
(b)on the failure of the Commission to report within the period allowed.
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