Schroders' Buxton under fire from Charter chairman

The chairman of Charter International has launched an attack on Schroders' Richard Buxton, accusing him of "destroying more than he achieved" by being vocal about the engineering company's sale.

Charter secured a £1.5bn takeover by Colfax, the American company, in September. The deal was the end of a battle that saw the welding equipment and pump maker reject several approaches from Melrose, the turnaround specialist, the Sunday Times reports. A number of Charter's biggest shareholders, including Aviva Investors and Schroders, were also shareholders in Melrose and wanted to see them combined. Lars Emilson, Charter's chairman, said: "I can think of various scenarios where Mr Buxton more or less affected this process negatively ...