PROPOSED TAKEOVER OF MITCHELLS AND BUTLERS PUB COMPANY

That this House notes with great concern the apparent threat to the interests of the 60,000 small shareholders of the long-established pub company Mitchells and Butlers, where a small group of friends and minority shareholders domiciled outside the UK appear to be seeking to gain control of the company to advance their own interests at the expense of others; further notes the uncertainty this is generating for the firm's 40,000 staff; and urges the Government to be alert to any infringements of takeover rules and to urge the Takeover Panel rapidly to undertake a thorough and detailed investigation of the relevant facts in the case.