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stock exchanges. The unusual move
is thought to have been provoked by
growing concern among committee
members about the impact on the City
of London of the £555 million cash take-
over. The committee will hear evidence
from Liffe and Euronext officials on
December 13. It will then question offi-
cials from the London Stock Exchange,
which lost out in the auction for Liffe
despite tabling a higher offer. “Philip
Morris switch challenged”: Philip Mor-
ris, the tobacco company, has become
embroiled in a dispute about its pro-
posed name change. Altria Healthca-
re, a private medical billing company
in America, is concerned about Philip
Morris’s proposed name change to Al-
tria Group. “It is of great concern to a
healthcare business to have a big tobac-
co and alcohol company wish to adopt
an identical name”, Warren Smedley,
Altria Healthcare’s president, said.
Philip Morris said it had conducted all
necessary searches and was confident
that it was not in breach of any laws and
would not confuse Altria Healthcare’s
customers. A “breach” is a(an)….
A. infringement
B. bid
C. outing
D. bargain