Tesco

The takeover battle for supermarket chain Morrisons will be settled by an auction process. US private equity firm CD&R is vying with Fortress Investment Group for control of the grocer. Tesco has warned that the recent panic buying…
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Supermarket group Morrisons has accepted an improved £7bn takeover bid from US private equity group CD&R. In July, Morrisons turned down an offer worth £5.5bn from CD&R, saying it significantly undervalued the business as shares…
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