HMV seeks trustee approval for Waterstone's sale

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UK/RUSSIA - Trustees of HMV's pension scheme are in discussions with the retailer over its intended £53m ($85m)sale of the Waterstone's book chain.

In a statement, the firm said Waterstone's would be sold free from all UK pension liabilities, leaving HMV with sole responsibility for the 400-member scheme. The trustees must approve the deal ...

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