Morrisons future will be decided at auction


Morrisons future will be decided at auction

The much publicised takeover battle for Morrisons is to be finalised once and for all via an auction sanctioned by the UK Takeover Panel. The auction takes place this Saturday with the outcome able to be announced early next week – provided that the two competing parties increase their tabled offers. The two rivals are Clayton, Dubilier & Rice which had offered £7bn and Fortress Investment Group which had offered £6.7bn.

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