Morrisons takeover auction won by CD&R with £7bn offer
Private equity firm Clayton, Dubilier & Rice (CD&R) ended the auction takeover against Fortress Investment Group with a winning £7 billion bid.
Auction to resolve Morrisons takeover battle
The stock market’s Takeover Panel has confirmed that an auction involving Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group will take place on 2nd October. Morrisons’ Board of directors accepted a £6.7 billion offer from a US private equity...
Morrisons warns HGV crisis will raise prices
The supermarket chain said that they were expecting “some industry-wide retail price inflation” during the second half of the year, driven by factors including the current shortage of HGV drivers.
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.”
Morrisons accepts new £7bn takeover bid from CD&R
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.
