Supermarkets
CD&R set to launch rival Morrisons bid
Morrisons previously rejected an initial £5.5bn offer from CD&R. The offer, which was submitted on 14 June, valued Morrisons at 230 pence per share for the entire share capital of the group
Private equity group Clayton, Dubilier & Rice (CD&R) is reportedly set to kick off a bidding war for grocery chain Morrisons, following a £6.3bn offer from American rival Fortress.
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