Morrisons takeover battle will go to UK auction on Oct. 2
- Country:
- United Kingdom
The battle between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group to buy British supermarket Morrisons will be decided in a one-day auction on Saturday Oct. 2, Britain's takeover regulator said.
The Takeover Panel said on Wednesday the auction would consist of a maximum of five rounds.
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