UK - WHSmith's pension scheme trustees have slashed the deficit payment that private equity manager Permira will have to make if it renews its bid for the retailer.
Permira’s £940m bid collapsed last month after the scheme insisted that any takeover deal would have to include plugging the £215m deficit. But trustees have told Permira it will only need to m...
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