Book contents
- Front matter
- Contents
- List of illustrations
- Dedication
- Preface
- Abbreviations
- 1Ferranti by the mid-1980s
- 2The rise of ISC
- 3A step too far? Merger with ISC
- 4From honeymoon to divorce
- 5Investigations and court cases
- 6The rescue strategy
- 7The ‘New Ferranti International’
- 8Demise and epilogue
- Appendix A: The financing of Ferranti, 1970–1993
- Appendix B: Profitability and return on capital employed at Ferranti, 1970–1993
- Appendix C: Turnover and employment at Ferranti, 1970–1993
- Appendix D: Chairmen and directors of Ferranti, 1905–1993
- Bibliography
- Index
3 - A step too far? Merger with ISC
Published online by Cambridge University Press: 09 July 2026
Book contents
- Front matter
- Contents
- List of illustrations
- Dedication
- Preface
- Abbreviations
- 1Ferranti by the mid-1980s
- 2The rise of ISC
- 3A step too far? Merger with ISC
- 4From honeymoon to divorce
- 5Investigations and court cases
- 6The rescue strategy
- 7The ‘New Ferranti International’
- 8Demise and epilogue
- Appendix A: The financing of Ferranti, 1970–1993
- Appendix B: Profitability and return on capital employed at Ferranti, 1970–1993
- Appendix C: Turnover and employment at Ferranti, 1970–1993
- Appendix D: Chairmen and directors of Ferranti, 1905–1993
- Bibliography
- Index
Summary
This chapter provides a detailed analysis of the 1987 merger between Ferranti and ISC, highlighting the involvement of both senior management on both sides and a host of major City of London finance houses and associated firms. The key theme is the way in which contemporary regulations were followed rigorously, providing the opportunity for ISC to cover up some of the more dubious aspects of its accounts. Another issue developed is the personal relationship between James Guerin and Derek Alun-Jones, given the role this played in both the merger negotiations and consequent amalgamation.
Information
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- Chapter
- Information
- Ferranti: A HistoryVolume 3 Management, mergers and fraud 1987–1993, pp. 70 - 106Publisher: Manchester University PressFirst published in: 2026
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