COMPANIES The management of J Sainsbury has urged Delta Two to placate concerned pension trustees with an offer that the board concedes is critical to securing a deal.
Trustees believe the shortfall in the scheme could be as much as £3bn and the sum sought will depend on the degree of security Delta Two can offer. The pension issue was raised this week in another round of talks between Sainsbury and Delta Two over the Qatari-backed investment fund’s 600p a share indicative offer.
