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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).