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Invensys Chairman Says Perennial M&A Targets Struggle to Hire

Takeover targets can “struggle to get top talent” if takeover speculation persists, Chairman Sir Nigel Rudd tells shareholders at AGM.

* Rudd says Invensys no longer a U.K. company given U.S. connections: “It just happens to have a headquarters in the U.K.” * Foreign capital behind much of U.K. industry and refutes Invensys takeover would be a “sell out” of British technology: Rudd * No further comment on takeover progress.

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To contact the reporter on this story: Alex Pashley in London at apashley@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net

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