Racal Electronics Plc has revealed further details of its proposed demerger of Racal Telecommunications Plc and Racal Chubb Plc (CI No 1,553): the board seems to be back-tracking on its decision to take Racal Electronics private and now says that once it has arranged a listing for Racal Chubb and demerged it and Racal Telecom, the rump Racal Electronics, will continue as a separately quoted company before the management buyout takes place; as the buyout will also be a bid for a public company it could take a long time to put together.
