Thread: NTL bought out
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Old 29-12-2004, 15:24   #61
Escapee
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Re: NTL bought out

Quote:
Originally Posted by Chris T
Not forgetting of course that both Centrica and NTL are publicly listed companies and financial dealings of that kind have to be announced publicly. If they had been holding unofficial talks and so much as a squeak of it got out, it would have influenced the share price of one or both companies and the repective stock markets would have instructed them to make a statement.

None of this has happened, ergo this rumour is just baseless gossip.

Oh, and I've edited the thread title. Bad grammar sets my teeth on edge.
Firstly I am not taking any notice of idle gossip here!

I just wanted to point out as a side issue, that I worked for a publicly listed company that was bought by another publicly listed company. I like many other employees could tell you we found out when an employee read it as an announcement on Teletext during the working day!

I remember one of the local managers phoning the regional manager who knew nothing about it, in turn he phoned the general manager who knew nothing, he phoned a director and the director firstly denied it but then phoned back to confirm it as fact.

I am not trying to put any fuel on the fire of any silly claims in this thread, but just pointing out that employees, even senior managers can be some of the last people to know especially in quite large companies when such a deal is underway.
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