US Private Equity Firm Wins Auction For UK's Morrisons - NewsBreak

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.