US private equity firm wins auction for Britain’s Morrisons
By PAN PYLAS Associated Press LONDON (AP) — An American private equity group has narrowly won the battle to buy British supermarket chain Morrisons following a dramatic auction for the company. Britain’s Takeover Panel said Saturday that New York-based Clayton, Dubilier & Rice (CD&R) offered 287 pence for each Morrisons share, just a penny more
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