Supermarket chain Morrisons to accept CD&R’s bid: Reuters

UK supermarket chain Morrisons has agreed to accept Clayton, Dubilier & Rice's takeover bid, reported Reuters.

UK supermarket chain Morrisons has agreed to accept Clayton, Dubilier & Rice’s takeover bid, Reuters reported. The news wire noted that Morrisons’ other suitor Fortress is mulling its options as a result. The Fortress consortium includes Canada Pension Plan Investment Board, Koch Real Estate Investments and Singapore’s sovereign wealth fund GIC.

Source: Reuters