New York Queers the Pitch for British Telecom and Reuters

Article Abstract:

The rules of the Securities and Exchange Commission (SEC) banning pre-registration publicity, for thirty days prior to draft prospectuses being delivered to investment banks and brokerage houses, is causing problems for the British government's plan to offer fifty-one per cent of the shares in state-owned British Telecom (BT) simultaneously in London and New York this fall. The British government hopes ordinary British people will opt to purchase equities, which will require heavy advance advertising. The British Treasury does not want to make an offering first in London, followed by one in New York BT's accounts must be gotten in order before the sale.

Government ownership, Nationalization

---

Possession and Wytchcraft

Article Abstract:

The chairman of British Gas has successfully delayed the sale of British Gas' half share in the Wytch Farm oilfield to a private oil consortium for over four years. Legislation for the privatization of British Gas will probably be drafted during the next year. However, the current energy secretary agrees with British Gas' chairman, that the corporation should not be broken up. They seek the approval of a plan to sell fifty-one per cent of the company's shares on the stock market.

Laws, regulations and rules, Petroleum industry, National government, Federal government

---

Similar abstracts:

• Abstracts: The state of the military-industrial complex in Russia. The professional careers of men and women. The transformation process and the status of women (based on the example of Central and Eastern Europe)
• Abstracts: News Agency for Sale - All Offers Over One Billion Pounds. Where Eagle Dares. Reuters Plans To Sell Itself
• Abstracts: On Hold for a Year. The Grand Relaunching of President Reagan
• Abstracts: Three Days That Shook the EEC. The Race for the New Commission Presidency. So Near, So Far
• Abstracts: Argentina Cries All the Way to Its Bankers. Cuffed By the Fed. The Overblown Dollar

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.