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Coats Viyella Bid For Tootal

EDM number 747 in 1990-91, proposed by Gerald Bermingham on 24/04/1991.

That this House is greatly concerned that a successful bid for Tootal Group plc by Coats Viyella plc would weaken Britain's position as the world's leading supplier of industrial thread and threatens the future of some of the most advanced textile factories in Europe; notes that a takeover of Tootal would cause Coats' gearing to rise to an unsustainable 92 per cent. in a highly cyclical industry; notes that Coats has been unable to sell its 80 per cent. stake in Consoltex of Canada for the stated purpose of reducing debt; fears that Coats may be overdependent on profits from the volatile South American region and their profits may be overstated; concludes that Coats may therefore be unable to finance its proposed acquisition of Tootal without leading to the closure of otherwise efficient productive capacity; is concerned that at this time of rising unemployment there is a need to take account of the effect this takeover could have on the employment of over 5,000 workers in England, Scotland and Wales; and calls on the Secretary of State for Trade and Industry to examine these and related issues with the greatest care in deciding whether or not to allow the bid to proceed.

This motion has been signed by a total of 141 MPs, 1 of these signatures have been withdrawn.

MPDateConstituencyPartyType
Gerry Bermingham24/04/1991St Helens SouthProposed
Nigel Griffiths24/04/1991Edinburgh SouthSigned
Max Madden24/04/1991Bradford WestSigned
Peter Pike24/04/1991BurnleySigned
Terry Patchett24/04/1991Barnsley EastSigned
Tom Pendry24/04/1991Stalybridge & HydeSigned
Raymond Powell24/04/1991OgmoreSigned
Dawn Primarolo24/04/1991Bristol SouthSigned
Joyce Quin24/04/1991Gateshead EastSigned
Giles Radice24/04/1991North DurhamSigned
Stuart Randall24/04/1991Kingston upon Hull WestSigned
John Reid24/04/1991Motherwell NorthSigned
Geoffrey Robinson24/04/1991Coventry North WestSigned
Allan Rogers24/04/1991RhonddaSigned
Terry Rooney24/04/1991Bradford NorthSigned
Ted Rowlands24/04/1991Merthyr Tydfil & RhymneySigned
Brian Sedgemore24/04/1991Hackney South & ShoreditchSigned
Clare Short24/04/1991Birmingham, LadywoodSigned
Andrew Smith24/04/1991Oxford EastSigned
Chris Smith24/04/1991Islington South & FinsburySigned
John Smith24/04/1991Vale of GlamorganSigned
Peter Snape24/04/1991West Bromwich EastSigned
Clive Soley24/04/1991HammersmithSigned
Nigel Spearing24/04/1991Newham SouthSigned
Harriet Harman24/04/1991PeckhamSigned
Sylvia Heal24/04/1991Staffordshire MidSigned
Kate Hoey24/04/1991VauxhallSigned
Norman Hogg24/04/1991Cumbernauld & KilsythSigned
John Home Robertson24/04/1991East LothianSigned
Jimmy Hood24/04/1991ClydesdaleSigned
George Howarth24/04/1991Knowsley NorthSigned
Geraint Howells24/04/1991Ceredigion and Pembroke NorthSigned
Robert Hughes24/04/1991Aberdeen NorthSigned
Simon Hughes24/04/1991Southwark and BermondseySigned
Adam Ingram24/04/1991East KilbrideSigned
Russell Johnston24/04/1991Inverness, Nairn and LochaberSigned
Charles Kennedy24/04/1991Ross and Cromarty and SkyeSigned
Archy Kirkwood24/04/1991Roxburgh & BerwickshireSigned
Joan Lestor24/04/1991EcclesSigned
Richard Livsey24/04/1991Brecon and RadnorSigned
Tony Lloyd24/04/1991StretfordSigned
Geoffrey Lofthouse24/04/1991Pontefract & CastlefordSigned
Eddie Loyden24/04/1991Liverpool, GarstonSigned
Robert Maclennan24/04/1991Caithness and SutherlandSigned
Humfrey Malins24/04/1991Croydon North WestSigned
John Marek24/04/1991WrexhamSigned
Jim Marshall24/04/1991Leicester SouthSigned
Eric Martlew24/04/1991CarlisleSigned
John McAllion24/04/1991Dundee EastSigned
Ian McCartney24/04/1991MakerfieldSigned
John McFall24/04/1991DumbartonSigned
John McWilliam24/04/1991BlaydonSigned
Alan Meale24/04/1991MansfieldSigned
Ray Michie24/04/1991Argyll & ButeSigned
Austin Mitchell24/04/1991Great GrimsbySigned
Lewis Moonie24/04/1991KirkcaldySigned
Rhodri Morgan24/04/1991Cardiff WestSigned
Mo Mowlam24/04/1991RedcarSigned
Chris Mullin24/04/1991Sunderland SouthSigned
Paul Murphy24/04/1991TorfaenSigned
Gordon Oakes24/04/1991HaltonSigned
Bill O'Brien24/04/1991NormantonSigned
Edward O'Hara24/04/1991Knowsley SouthSigned
Stan Orme24/04/1991Salford EastSigned
Keith Bradley24/04/1991Manchester, WithingtonSigned
Nick Brown24/04/1991Newcastle upon Tyne EastSigned
Ronald Brown24/04/1991Edinburgh LeithSigned
Malcolm Bruce24/04/1991GordonSigned
Richard Caborn24/04/1991Sheffield CentralSigned
James Callaghan24/04/1991Heywood & MiddletonSigned
Menzies Campbell24/04/1991Fife North EastSigned
Ronnie Campbell24/04/1991Blyth ValleySigned
Dale Campbell-Savours24/04/1991WorkingtonSigned
Alex Carlile24/04/1991MontgomerySigned
John Carlisle24/04/1991Luton NorthSigned
Michael Carr24/04/1991Ribble ValleySigned
David Clelland24/04/1991Tyne BridgeSigned
Robin Corbett24/04/1991Birmingham, ErdingtonSigned
Jim Cousins24/04/1991Newcastle upon Tyne CentralSigned
John Cummings24/04/1991EasingtonSigned
Lawrence Cunliffe24/04/1991LeighSigned
Alistair Darling24/04/1991Edinburgh CentralSigned
Denzil Davies24/04/1991LlanelliSigned
Ron Davies24/04/1991CaerphillySigned
Jimmy Dunnachie24/04/1991Glasgow, PollokSigned
Alexander Eadie24/04/1991MidlothianSigned
Kenneth Eastham24/04/1991Manchester, BlackleySigned
John Evans24/04/1991St Helens NorthSigned
Derek Fatchett24/04/1991Leeds CentralSigned
Ronnie Fearn24/04/1991SouthportSigned
Frank Field24/04/1991BirkenheadSigned
Paul Flynn24/04/1991Newport WestSigned
Michael Foot24/04/1991Blaenau GwentSigned
George Foulkes24/04/1991Carrick, Cumnock and Doon ValleySigned
John Fraser24/04/1991NorwoodSigned
Maria Fyfe24/04/1991Glasgow, MaryhillSigned
Sam Galbraith24/04/1991Strathkelvin & BearsdenSigned
George Galloway24/04/1991Glasgow HillheadSigned
Llin Golding24/04/1991Newcastle-under-LymeSigned
Irene Adams24/04/1991Paisley NorthSigned
Graham Allen24/04/1991Nottingham NorthSigned
David Alton24/04/1991Liverpool Mossley HillSigned
Bruce Grocott24/04/1991Wrekin, TheSigned
Peter Hain24/04/1991NeathSigned
Donald Anderson24/04/1991Swansea EastSigned
Hilary Armstrong24/04/1991North West DurhamSigned
Harry Barnes24/04/1991North East DerbyshireSigned
Kevin Barron24/04/1991Rother ValleySigned
John Battle24/04/1991Leeds WestSigned
Alan Beith24/04/1991Berwick-upon-TweedSigned
Henry Bellingham24/04/1991North West NorfolkSigned
Paul Boateng24/04/1991Brent SouthSigned
John Bowis24/04/1991BatterseaSigned
David Steel24/04/1991Tweeddale, Ettrick and LauderdaleSigned
Gerry Steinberg24/04/1991Durham, City ofSigned
Matthew Taylor24/04/1991TruroSigned
Dennis Turner24/04/1991Wolverhampton South EastSigned
Keith Vaz24/04/1991Leicester EastSigned
Jim Wallace24/04/1991Orkney & ShetlandSigned
Joan Walley24/04/1991Stoke-on-Trent NorthSigned
Mike Watson24/04/1991Glasgow CentralSigned
Michael Welsh24/04/1991Doncaster NorthSigned
Dafydd Wigley24/04/1991CaernarfonSigned
Alan Williams24/04/1991Swansea WestSigned
Brian Wilson24/04/1991Cunninghame NorthSigned
David Winnick24/04/1991Walsall NorthSigned
Michael Martin25/04/1991Glasgow, SpringburnSigned
Ann Winterton25/04/1991CongletonSigned
Nicholas Winterton25/04/1991MacclesfieldSigned
Win Griffiths26/04/1991BridgendSigned
David Knox29/04/1991Staffordshire MoorlandsSigned
Ken Livingstone29/04/1991Brent EastSigned
Eric Illsley30/04/1991Barnsley CentralSigned
James Wray30/04/1991Glasgow ProvanSigned
Jack Thompson01/05/1991WansbeckSigned
Martyn Jones03/05/1991Clwyd South WestSigned
Jeff Rooker07/05/1991Birmingham, Perry BarrSigned
Simon Coombs08/05/1991SwindonSigned
Doug Hoyle09/05/1991Warrington NorthSigned
Tommy Graham21/05/1991Renfrew West and InverclydeSigned
Bill MichieUnknownWithdrawn

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