Significant pension liabilities could represent a poison pill for a potential acquirer
Thursday 09 Sep 2021 Author: Martin Gamble
From October 2021 the pensions regulator will assume enhanced powers whereby it can punish bad behaviour and bring forward criminal proceedings. Legal experts Norton Rose Fulbright believe that the new powers give pension trustees a formal role in takeovers and arguably some leverage, and the pension trustees could have a role to play in the bid battle for supermarket Morrisons ( MRW ) . The pension regulator has been...