GLAZER TO BE INVESTIGATED?

Last updated : 21 November 2004 By Editor

Meanwhile, the Labour MP Phil Woolas, a patron of Shareholders United, has called on Patricia Hewitt, the trade and industry secretary, to ask America’s Securities and Exchange Commission (SEC) for details of its investigation into Glazer. The SEC, which declined to comment, is looking into price movements in Zapata Corp, a company controlled by the Glazer family. In 2002, shares in Zapata soared on takeover speculation.