Business Combinations

Take-over bids make the financial headlines some time during nearly every week of the year and many of the reports are compelling reading for people interested in industry and finance. This is particularly so as many of the companies are known to everyone. We have already noted how the British motor industry has regrouped its forces to counter the spread of the Detroit octopus. The trend has followed in the less glamorous component manufacturing world where, for example, Birfields (propeller shaft manufacturers) have been absorbed by the giant Guest, Keen and Nettlefolds group.