Trustees warn Morrisons pension schemes could be weakened by takeover - NewsBreak

A takeover of Morrisons by either of its two leading suitors could "materially weaken" the security of its pension schemes, trustees have warned.It comes five days after Morrisons' board said it agreed a £7 billion takeover by US private equity firm Clayton Dubilier & Rice (CD&R).The offer usurped a previously agreed £6.7 billion deal with a consortium led by private equity rival Fortress.New-York based Fortress is currently assessing whether or not to make a further offer.We hope agreement can be reached as soon as possible on an additional security package that provides protection for members' benefitsSteve Southern, pension scheme...