1. Ferranti by the mid-1980s
2. The rise of ISC
3. A step too far? Merger with ISC
4. From honeymoon to divorce
5. Investigations and court cases
6. The rescue strategy
7. The 'New Ferranti International'
8. Demise and epilogue
Appendix A: The financing of Ferranti, 1890-1993
Appendix B: Profitability and return on capital employed at Ferranti, 1892-1993
Appendix C: Turnover and Employment at Ferranti, 1890-1993
Appendix D: Chairmen and Directors of Ferranti, 1905-93
Bibliography

John F. Wilson is Professor and Director of the Newcastle University Business School

The case-study outlines the inherent dangers in international mergers, as well as explaining the acute problems associated with City practices that avoided issues that would bring down Ferranti in spectacular fashion.