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
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
