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Written question asked by Alan Duncan (Conservative) on Thursday, 30 March 2006, in the House of Commons. It was due for an answer on Tuesday, 18 April 2006. It was answered by Barry Gardiner (Labour) on Tuesday, 25 April 2006 on behalf of the Department of Trade and Industry.


Westinghouse Electric Co.

Question
To ask the Secretary of State for Trade and Industry if he will make a statement on the progress of the sale of Westinghouse Electric Co. to Toshiba Corporation; and when he expects the sale to be completed.
Answer

[holding answer 18 April 2006]: The sale of Westinghouse to Toshiba is proceeding smoothly. The parties are working to complete the transaction speedily with timing still dependent on obtaining the necessary regulatory clearances (which began last week with the US anti-trust and CFIUS filings). We currently still expect completion of the sale by end September 2006.


Secondary information

Type
Written question
Reference
63804; 445 c990W;445 c990W
Session
2005-06
Subjects
Westinghouse
Link
View this Written question on www.publications.parliament.uk