Morrisons strikes $9.5B takeover deal with U.S. private equity group that bettered rival offer
Morrisons has agreed to a takeover offer worth £7 billion (US$9.54 billion) from U.S. private equity group Clayton, Dubilier & Rice, dropping its recommendation of a lower bid it had previously accepted from a consortium led by Fortress Investment Group. Morrisons, which started out as an egg and butter merchant in 1899, said CD&R’s offer is worth […]
