LONDON Dec 13 A body representing British
public sector pension plans on Tuesday called for an
"appropriate" premium in any potential deal between 21st Century
Fox and Sky as well as for safeguards to
protect minority shareholders.
"All directors of Sky have a duty not to disadvantage the
public shareholders, and the position of the non-executives will
need to be robust to ensure that the premium paid is appropriate
and that shareholders are not disadvantaged by any temporary low
in the share price," said Kieran Quinn, chairman of Britain's
Local Authority Pension Fund Forum (LAPFF).
The LAPFF represents 71 public sector pension funds managing
175 billion pounds ($222.29 billion) in assets.
($1 = 0.7873 pounds)
(Reporting by Simon Jessop; editing by Jason Neely)