Morrisons sale: US firm CD&R wins £7bn auction for supermarket

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Morrisons sale: US firm CD&R wins £7bn auction for supermarket

Private equity business narrowly beats rival Fortress with offer that rises to £9.97bn when including debtThe US private equity firm Clayton, Dubilier & Rice (CD&R) is set to become the new owner of Morrisons after the grocer’s board backed its £7.1bn bid for the supermarket chain following a tense auction with a rival suitor…
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