A step too far? Merger with ISC
in Ferranti: A History
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This chapter provides a detailed analysis of the 1987 merger between Ferranti and ISC, highlighting the involvement of both senior management on both sides and a host of major City of London finance houses and associated firms. The key theme is the way in which contemporary regulations were followed rigorously, providing the opportunity for ISC to cover up some of the more dubious aspects of its accounts. Another issue developed is the personal relationship between James Guerin and Derek Alun-Jones, given the role this played in both the merger negotiations and consequent amalgamation.

Ferranti: A History

Volume 3 Management, mergers and fraud 1987–1993


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