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