Morrisons in talks to begin takeover auction process
The supermarket chain has announced it is engaging with both suitors and the takeover regulator to resolve “this competitive situation.”
The supermarket chain has announced it is engaging with both suitors and the takeover regulator to resolve “this competitive situation.”
The supermarket chain’s board has backed a new £7 billion offer from US private equity firm Clayton Dubilier & Rice, after turning down the company’s original £5.5 billion bid in June.