UK - Billionaire Philip Green has put his bid for retail giant Marks & Spencer on hold pending talks on the pension scheme's £670m deficit.
Takeover talks at WHSmith were suspended last month when scheme trustees demanded that venture capitalist Permira clear the deficit as part of the deal. Green – who has already had two bids turn...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
