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 […]
Morrisons agrees to £6.3B takeover by Fortress-led group
Morrisons, the U.K.’s fourth-largest supermarket group, has agreed to a takeover led by SoftBank-owned Fortress Investment Group that values Britain’s fourth-largest supermarket chain at £6.3 billion and tops a rival offer from a U.S. private equity firm. The offer from Fortress, along with Canada Pension Plan Investment Board and Koch Real Estate Investments, exceeds a […]
