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US private equity firm CD&R wins takeover auction for Morrisons
US private equity firm Clayton, Dubilier & Rice (CD&R) has narrowly won an auction to take control of UK supermarket chain Morrisons with a 7 billion pound (9.5 billion dollar) bid. CD&R’s 287p a share bid was just above the 286p offer made by rival Fortress Investment Group, and follows a long takeover process that started back in June....
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