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AE escapes T&N's clutches

20th September 1986
Page 8
Page 8, 20th September 1986 — AE escapes T&N's clutches
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Which of the following most accurately describes the problem?

• Motor components group AE has escaped being purchased by Turner and Newall, the mining, engineering and automotive group, At the close of the share offer, Turner and Newell had acquired 49% of AF's share capital, just 1% short of a controlling stake.