Deals
U.K. Grocer Morrison Rejects $7.6 Billion Proposal From CD&R
- Potential offer would give significant premium to investors
- Morrison suffered shareholder rebuke over pay last week
A Morrisons supermarket, operated by Wm Morrison Supermarkets Plc, in Saint Ives, U.K.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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Wm Morrison Supermarkets Plc rejected as undervalued an unsolicited proposal from U.S. buyout firm Clayton Dubilier & Rice LLC that valued the U.K. grocery chain at about 5.5 billion pounds ($7.6 billion).