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Retail 22 Jun 2021 | 7:00 AM

Morrison rejects US$7.6b proposal from CD&R

LONDON: Wm Morrison Supermarkets Plc rejected as undervalued an unsolicited proposal from US buyout firm Clayton Dubilier & Rice LLC (CD&R) that valued the UK grocery chain at about £5.5bil (US$7.6bil or RM31.5bil).

Corporate News 20 Jun 2021 | 8:43 AM

UK's Morrisons rejects takeover proposal from CD&R

LONDON: British supermarket group Morrisons has rejected a proposed 5.52 billion pound ($7.62 billion or RM31.54bil) cash offer from U.S. private equity firm Clayton, Dubilier & Rice (CD&R), saying it is far too low.