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Eleventh hour breakdown in take-over bid

21st November 1969
Page 21
Page 21, 21st November 1969 — Eleventh hour breakdown in take-over bid
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Which of the following most accurately describes the problem?

• Following the announcement in CM last week that Logan and Cranston (Plant) Ltd., had procured a controlling interest in Northern Trailer Co. Ltd., Northern Trailer Sales Ltd. and Northern Truck Distributors Ltd., the companies this week intimated that the proposals have been abandoned.

Mr. E. McKenna of Logan and Cranston, who was to have become chairman of the Northern Trailer group, told CM this week that there had been a detailed agreement in principle but that negotiations had broken down at the eleventh hour.

It is understood that negotiations between the trailer manufacturer and a public company in Scotland are proceeding but are at the moment in the early stages.

Boycott abandoned

• Charles Alexander and Partners (Transport) Ltd., who imposed a boycott on use of the Forth Road Bridge following the introduction of increased tolls on November 1, lifted the boycott on November 12. The Aberdeen haulier, who distributes fish as far south as Wales, used the Kincardine Bridge route during the boycott. This added 60 miles to a round trip.

Mr. G. H. Scott, the company's assistant managing director, said that before the boycott was lifted additional factors were taken into account. The tolls are estimated to cost his company about £5.000 a year.

The Scottish area of the Road Haulage Association has said on a number of occasions in the past that the additional costs incurred by operators through increased tolls will require to be passed on to the customer.

Scottish Show figures

• Attendances at the Scottish Motor Show, which finished at Glasgow on Saturday, totalled 146,000 and orders received amounted to almost £4m. Attendances at the last show in 1967 were 172,000.


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