US private equity firm wins auction for UK’s Morrisons – MENAFN.COM
- Date: 03-Oct-2021
- Source: MENAFN
- Sector:Financial Markets
- Country:Middle East
US private equity firm wins auction for UK’s Morrisons – MENAFN.COM
(MENAFN- AFP)
A US private equity firm has won an auction for British supermarket group Morrisons, the Takeover Panel which oversees merger and acquisition deals said on Saturday.
The panel said Clayton, Dubilier & Rice bid 287 pence per share, beating private equity giant Fortress, which bid 286 pence, the panel announced in a short statement.
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