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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.