Summary
TRUSTEES of Marks Spencer's pension fund will meet early this week to decide how much Philip Green would have to contribute to its Pounds 670m deficit if he bought the retailer. The issue has become crucial to billionaire Green's bid and could take weeks to resolve.
Concerns about having to plug the hole will make him think twice about how much he is prepared to pay. A pension row at retailer WH Smith threw a spanner in the works of recent takeover talks with venture capitalist Permira.See the full content of this document
Extract
Ms Pension Holds Key to Takeover Bid
Ousted MS clothing chief David Norgrove, the fund's chairman, je...
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