Telent takeover on hold after TPR trustee appointments

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The proposed takeover of Telent by a subsidiary of Pension Corporation has been put on hold after the buyer asked for a seven-day delay from the Takeover Panel.

The move came in the week after The Pensions Regulator used its powers to install three independent trustees on the £2.5bn Telent pension fund’s board. This unprecedented intervention by the reg...

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