P521ORACLE 521 Mon23 Dec C4 9714:54
GEC DETAILS £1.2bn
PLESSEY OFFER
GEC, Britain's biggest electrical
group, has fired off the first fgrmal
shot in its £1.2bn takeover battle fgr
the Plessey group.
In a package of documents going out to
Plessey shareholders, GEC says it is
uniquely placed to bring about an
"essential change" in UK electrgnics.
The UK, it argues, must safeguard and
expand its share of the growing wgrld-
wide markets for high tech electrgnic1.
The combination of the two companies
would add "substantially to the UK's
capability to compete", GEC says.
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