Morrisons deal: What the landmark takeover means for British grocery

Morrisons supermarket Gateshead

After four months of back-and-forth bidding, the private equity battle for grocery giant Morrisons has finally been settled.

New York-based private equity firm Clayton, Dubilier & Rice (CD&R) emerged victorious over a consortium led by rival Fortress at auction last month, after the two firms had gone toe-to-toe for Morrisons since the first reports emerged of unsolicited bids in June. 

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