Twitter LinkedIn
    Wednesday, March 22
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Morrisons counterbid set to come from another US private equity giant
    Deals

    Morrisons counterbid set to come from another US private equity giant

    August 2, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    American private equity firm Clayton, Dubilier & Rice (CD&R) is reportedly preparing to submit a counterbid for British supermarket chain Morrisons, after a £6.3bn bid from a rival.

    US buyout giant Fortress had a £6.3bn bid for Morrisons provisionally accepted last month, after weeks of takeover rumours. The Sunday Times reports today that CD&R are sorting out equity and debt financing to place a bid next week for Morrisons.

    The private equity firm has plans to roll out a chain of Morrisons convenience stores through its 900 petrol stations run by the Motor Fuel Group. CD&R is also said to be looking at alternative ways to use Morrisons’ excess space in its near 500 supermarkets across the UK.

    Read more/Source: City A.M.

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Ethical Capital Partners buys Pornhub for an undisclosed sum

    March 18, 2023

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    Comments are closed.

    Other Articles

    Perella Weinberg reveals 2020 revenue decline

    January 1, 2021

    Japan’s Toshiba receives eight proposals to go private

    June 2, 2022

    BBQGuys, Backed by Eli and Peyton Manning, Inks $963 Million Velocity SPAC Deal

    July 20, 2021

    Brookfield acquires IL&FS headquarters for over $140 mn

    March 30, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?