Britian's Wm Morrisons Supermarkets has accepted a buyout offer from the U.S. private equity firm Clayton, Dubilier & Rice as the bidding for the venerable grocer heats up. Clayton, Dubilier & Rice offered 7 billion pounds, roughly $9.5 billion, for the U.K. supermarket, translating to 285 pence, or $3.90, per share.
UK Supermarket Giant Accepts $9.5 Billion Takeover Offer From Clayton, Dubilier & Rice
Rival Bidder Fortress Mulls Next Move, Urges Shareholders To Take No Action
CoStar News
August 20, 2021 | 3:15 P.M.
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