T&N trustee slammed for top-up snub

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UK - Federal Mogul has criticised the independent trustee of the Turner & Newell pension scheme for rejecting a $130m (£71m) offer to top-up the fund.

Owners of the beleaguered US car component giant - principal bondholder Carl Icahn and asbestos creditors - said they were ”surprised and disappointed” that Alexander Forbes, the independent truste...

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