Morrisons: US firm wins auction to take over supermarket chain
Clayton, Dubilier & Rice is highest bidder in the battle for the UK’s fourth-largest supermarket group. …
Sir Terry thanked the board for their recommendation and said CD&R looked forward to shareholders’ approval of the deal, adding: “We continue to believe that Morrisons is an excellent business, with a strong management team, a clear strategy, and good prospects.”
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