British Aerospace PLC
22 November 1999
Not for release, publication or distribution in or into
Canada, Australia or Japan
BRITISH AEROSPACE PUBLIC LIMITED COMPANY ('British
Aerospace')
PROPOSED MERGER OF BRITISH AEROSPACE WITH THE MARCONI
ELECTRONIC SYSTEMS BUSINESS
British Aerospace has received US regulatory approval for
its proposed merger with the Marconi Electronic Systems
business (the 'proposed Merger'). British Aerospace has
agreed undertakings in the US in line with those required
by the Secretary of State for Trade and Industry in the UK as set out in the
announcement made on 9 September 1999.
Completion of the proposed Merger is expected to occur on
29 November 1999 with trading in the new British
Aerospace ordinary shares and Capital Amortising Loan
Stock to be issued pursuant to the proposed Merger
expected to commence on 30 November 1999.
Enquiries:
British Aerospace 01252 373 232
Locksley Ryan
Andrew Wrathall
Dresdner Kleinwort Benson 0171 623 8000
Tim Shacklock
Mark Hammond
Goldman Sachs 0171 774 1000
Simon Robertson
Simon Dingemans
Kleinwort Benson Limited ('Dresdner Kleinwort Benson')
and Goldman Sachs International ('Goldman Sachs'), which
are regulated in the UK by The Securities and Futures
Authority Limited, are acting for British Aerospace in
connection with the proposed Merger and for no-one else
and will not be responsible to anyone other than British
Aerospace for providing the protections afforded to
customers of Dresdner Kleinwort Benson and Goldman Sachs
or for giving advice in relation to the proposed Merger.
This announcement does not constitute, or form part of,
an offer or any solicitation of an offer for securities.
Neither this document nor any copy of it may be taken,
transmitted or distributed, directly or indirectly, into
Canada, Australia or Japan. Any failure to comply with
this restriction may constitute a violation of Canadian,
Australian or Japanese securities laws.
None of the British Aerospace new ordinary shares, the
7.45 per cent. Unsecured Capital Amortising Loan Stock
2000/2003 of British Aerospace, to be issued in
connection with the proposed Merger, nor any other
securities proposed to be issued in connection with the
proposed Merger will be registered under the US
Securities Act of 1933 or under the securities laws of
any state of the United States and they may not be
offered or sold in the United States absent registration
under the US Securities Act of 1933 or an exemption from
registration. This announcement is not an offer of any
such securities for sale in the United States or
elsewhere.
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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