Trustees threaten Sainsbury's and Boots takeover attempts


A £10 billion private equity bid for British supermarket giant Sainsbury's could be headed for failure, following a warning by the trustees that the firm's pension deficit might jump from £477 million to £3 billion, under the latest evaluation of the scheme. This is in spite of a large cash injection made by the sponsoring company.

Meanwhile, a £10 billion takeover attempt for British pharmaceutical group, Alliance Boots, is facing similar problems, with the trustees calling for an emergency