UK - Trustees at Turner & Newell - the UK arm of US auto component manufacturer Federal Mogul - are flying to America to piece together a rescue package.
Alexander Forbes Financial Services – the independent trustee of the £1.2bn T&N scheme – is going to New York on Monday to meet corporate raider Carl Icahn, who holds $1bn (£549m) of Federal Mogul ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date