Category: Business

Morrisons rejects £5.5bn takeover offer from private equity Company

Morrisons has refused a 5.5bn takeover bid from a private equity company, presuming it might have”significantly undervalued” the organization.

Private equity firm Clayton, Dubilier & Rice (CD&R) had previously said it was contemplating a possible cash offer for its supermarket … Read the rest “Morrisons rejects £5.5bn takeover offer from private equity Company”