Skip to content
Subscriber Only

Morrison Seeks Auction to Decide Between Fortress, CD&R Bids

  • Shares have been trading higher than CD&R’s $9.6 billion offer
  • Fortress consortium says it’s still considering its options
Wm Morrison Supermarkets Plc Takeover Battle Heats Up
Photographer: Chris Ratcliffe/Bloomberg
Updated on

Wm Morrison Supermarkets Plc called for an auction to settle whether Fortress Investment Group or Clayton Dubilier & Rice LLC acquires Britain’s fourth-largest grocer. 

Morrison said Wednesday that because neither bidder has declared their bid final, it’s in talks to arrange an auction ahead of meetings with shareholders around mid-October. Fortress said it’s still considering its options.