U.S. group CD&R win auction for UK supermarket Morrisons

U.S. private equity group Clayton, Dubilier & Rice (CD&R) has won the auction for British supermarket group Morrisons.

The Takeover Panel, which governs M&A deals in the UK and arranged the auction, said on Saturday CD&R had offered 287 pence a share, while a consortium led by the Softbank owned Fortress Investment Group offered 286 pence.

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