Take-over Dangers Brought to Light
13th May 1960, Page 57
13th May 1960
Page 57
Page 57, 13th May 1960
— Take-over Dangers Brought to Light
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rrywO decisions in April, one by the I Transport Tribunal in the appeal of Charles Alexander and Partners (Transport), Ltd., and the other by Mr. D. L. R. Muir, Metropolitan Licensing Authority, spotlight the dangers of taking over A licences under section 11(3)(b) of the 1933 Act, or acquiring control by share purchase, with the intention of incorporating the vehicles in existing fleets.
In the Alexander appeal, Sir Hubert Hull, president of the Tribunal, said the company had a large general haulage