Carpetright's top investor to take on retailer's debt

(Reuters) - Struggling British retailer Carpetright said on Tuesday its biggest shareholder, hedge fund Meditor Capital Management, will buy its 40.7 million pound line of credit from its lender.Meditor owns just under 30% of Carpetright, a threshold at which it would be required to make a formal takeover offer."Meditor has confirmed it now intends to engage with the Company with a view to providing a more stable and longer-term funding platform," the floor covering retailer said.Last year,..