On three occasions mergers were expected to have adverse effects on product development and research and development.(10) Concern was expressed about vertical Integration issues in only one report (SMMB).
Table 5 shows that the most common barrier highlighted by the MMC is the possession of an extensive distribution network (Coats, Kingfisher, Michelin, Avenir, and SMMB).
Although significant amounts of financial data were presented in the reports, on four occasions inter-company profitability comparisons were not possible (Tate and Lyle, Sara Lee, SMMB, and Elders).
SMMB (Scottish Milk Marketing Board)/Co-operative Wholesale Society (1992), Cmnd 2120.