Morrisons to have new owner after US firm wins £7,000,000,000 auction
Morrisons to have new owner after US firm wins £7,000,000,000 auction
Supermarket giant Morrisons has been sold at auction (Picture: Shutterstock)
A buyer for the supermarket chain Morrisons has finally been chosen after a months-long takeover saga.
U.S. private equity group Clayton, Dubilier & Rice (CD&R) has won the auction for the UK’s fourth biggest supermarket group, outbidding rival Fortress Investment.
The Takeover Panel, which governs these sorts of deals…