The management of Saga has agreed ..

The management of Saga has agreed a management buy-out of the company, supported by Charterhouse, for an enterprise value of £1.35bn. As part of the new ownership structure that has been put in place, staff will have the opportunity to become shareholders in the company under a new employee share scheme. Staff and company pensioners will also receive a portion of the sale proceeds as a one off cash bonus from Roger De Hann. The executive management team of Saga will remain unchanged, and

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