The savage battle which led to the take-over of A.E.I. (which has already meant massive redundancies) was part of a trend, The Times Business News of December 29 complained that "1967 has unquestionably been the year when the sadly tattered 'Queensberry Rules' for the conduct of bids were finally and openly hurled out of the window." The paper gave some figures of the extent of takeovers in 1967: "Over £450m. was involved in fewer than 20 of the biggest...bids during £967. This is almost as much as the annual average for the previous three years....Since bids of over £10m, form only the tiniest tip of the takeover iceberg, the total sum involved could well be in the region of £1,000 m..."
The WeekThe Week Vol. 9, No. 1, c. 3 January 1968
(3) Takeovers Up and More Vicious
The scan: The Week v9 no1.pdf (PDF, Marxists Internet Archive, opens at this page)
Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
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