Marconi trustees concerned over Telent takeover


Moves by a wholly-owned subsidiary of bulk purchase annuity provider, Pensions Corporation, to acquire telecommunications group, Telent, has met with scepticism from the company's trustee board, with a source close to the board expressing fears over a potential weakening of the scheme's covenant if the deal goes through.

Pensions Corporation's Guernsey registered subsidiary, Co-Invest No 5, has acquired a 29.38% stake in Telent - a hair's breadth from the 30% mandatory offer threshold - a sta

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: