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Morrisons Board Accepts £7 Billion Takeover Offer From Clayton, Dubilier & Rice

Rival Bidder Fortress Mulls Next Move, Urges Shareholders To Take No Action

Morrisons headquarters is in Bradford. (CoStar)
Morrisons headquarters is in Bradford. (CoStar)

Wm Morrisons Supermarkets has accepted a buyout offer from Clayton, Dubilier & Rice. The US private equity firm offered 285p for every share in cash and values the UK supermarket chain at £7 billion.

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