Amec, the construction firm which dropped Financial Dynamics as its City
PR adviser in December in the wake of alleged breaches of the Take-over
Code, has appointed Dewe Rogerson as its retained adviser.
The hiring was made without a competitive pitch on the basis of DR’s
defence work for Amec during the hostile takeover attempt by Norwegian
FD, which was Amec’s adviser for ten years, began defence work for the
pounds 360 million Kvaerner bid in November but was sacked after the
Takeover Panel issued a stern rebuke to the agency for supplying a 1996
profits forecast to a securities firm.
The company appointed Dewe Rogerson in its place to continue defence
work until the eventual failure of the Norwegian bid shortly before
Amec group press officer Nick Welsh said that DR would continue FD’s
work of financial press and investor relations and strategic advice. The
account will be headed by Dewe Rogerson’s executive chairman Tony