US private equity firm wins auction for Britain's Morrisons - NewsBreak

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By Victor in Business
Updated 2 years ago

LONDON (AP) — An American private equity group saw off a rival to narrowly win the battle to buy British supermarket chain Morrisons following a dramatic auction Saturday for the company. Britain's Takeover Panel said New York-based Clayton, Dubilier & Rice (CD&R) offered 287 pence for each Morrisons share, just...

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