UK - Pension disagreement to overturn Sainsburys deal for a second time?
Failure to reach an agreement with the trustees of Sainsbury's pension fund is threatening to scupper Delta Two's potential takeover of the supermarket chain. It is understood the trustees are asking for an additional £1.75bn, £750m more than Delta has offered to put up so far. Should Delta Two not reach an agreement with the trustees, it is unlikely that the Sainsbury family, an 18% shareholder in the FTSE listed business, will support a formal offer for the company.
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