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.

NOTE: Chairman speaks at Invensys AGM in London, following


Before it's here, it's on the Bloomberg Terminal.