UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
It looks like the battle to take over Morrisons will go to auction with the supermarket giant saying Wednesday it’s in talks with both the US private equity suitors that have tabled bids, along with the Takeover Panel.
British supermarket and general merchandise retailer Morrisons has agreed a takeover offer worth £7 billion from US private equity group Clayton, Dubilier & Rice (CD&R), dropping its recommendation of a lower bid
Reporting “outstanding growth and strategic progress” is good. Achieving them in a “transformational year” on top of a recent IPO is even better. That’s how In The Style updated the market on Wednesday.
Maintaining strong momentum since its IPO and delivering a “very good performance” for the year. That was the headline news from online women’s fashion retailer In The Style as its collab format drew in new customers.
eBay’s plan to sell Gumtree to Norway-based international classifieds website Adevinta ASA has hit a stumbling block with the online retail giant saying the UK’s CMA has concerns that the deal could cut competition.