Racal to sell off telecoms arm
Monday 31 August 1998
Sources close to Racal say that the company is looking for up to pounds 800 million for the subsidiary, way ahead of the pounds 450m price tag it was looking for last year when it failed to clinch a deal.
Since then telecommunications companies have enjoyed a good run on the stock market.
Racal wanted to float the company, but now Sir Ernest Harrison, the company's chairman (above), is believed to be looking for a trade sale.
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