Aga sale puts underfunded pension scheme on firmer footing
The planned £129m sale of Aga announced today will put the firm's defined benefit pension scheme on firmer financial footing, according to the trustees' adviser.
The firm's board has approved the offer by Middleby Corporation, which includes guarantees for the oven-maker's schemes, which have a £84m deficit. Aga chairman John Coleman said the deal would give...
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