As Clayton, Dubilier & Rice (CD&R) moves into pole position ahead of Fortress to acquire Morrisons, Retail Week compares the competitors’ strategic plans for the grocer.
On Thursday night, Clayton, Dubilier & Rice (CD&R), whose unsolicited and rebuffed 230p-per-share £5.5bn offer represented the opening salvo in the fight for Morrisons back in June, returned with a 285p-per-share offer valuing the grocer at £7bn.
The price is £300m more than the previously recommended offer from Fortress.
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