Fortress prepares fresh Morrisons bid as potential auction looms

Morrisons for web

Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.

The private equity firm, which is leading a consortium in the race to acquire Morrisons, is strongly weighing up a fresh bid for the grocer, but is holding fire until the bid document from rival CD&R is published – likely later this week. 

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