T&N pension says wide gap in Federal-Mogul talks


By Steve Hays LONDON, March 17 (Reuters) - An offer by bankrupt U.S. auto parts maker Federal-Mogul to pensioners of its UK unit is still well short of the fund's claims and increases the chance of the British firm Turner & Newall being sold, its trustee has said. "Discussions with Federal-Mogul and its creditors about a settlement of the pension scheme's claim have been continuing," independent trustee Tim Culverhouse of Alexander Forbes Trustee Services wrote in letter to members, ...

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