Analysis: HMV deal sounding good

Jack Jones looks at the role of the trustees in the retail group's restructure

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Trustees of the HMV Pension Scheme believe they secured a good deal from the sponsor's restructuring, which will see HMV sell its bookshop chain subsidiary Waterstone's. But how did they do it?

Independent Trustee Services trustee director Chris Martin - who was on the trustee board - says it was down to the scheme having powerful cards to play, and playing them well. The terms of the ...

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