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02-10-2021, 02:25 PM | #1 | |||
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Senior Member
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This has been
going on for some time. Still a way to go. [A USA private equity firm has won the auction for British supermarket group Morrisons with a £7bn bid. Clayton, Dubilier & Rice (CD&R) bid 287 pence per share. Morrisons is Britain's fourth-biggest supermarket by market share, after market leader Tesco, Sainsbury's and Asda. Based in Bradford, the business began as an egg and butter merchant in 1899. The battle for Morrisons is the most high-profile among a spate of bids for British companies this year, reflecting private equity's appetite for cash-generating assets. The Takeover Panel, which governs the process for M&A deals in Britain, moved to an auction because neither bidder had declared their offers final.] [Morrisons' board, due to meet later, is now expected to recommend that shareholders accept the new offer at their meeting on 19 October. If shareholders approve the offer, CD&R could complete its takeover of Morrisons by the end of the month.] https://news.sky.com/story/morrisons...arket-12423755 The End Result of all this with be an Asset Stripping American Group Wrecking UK Morrisons Supermarkets Last edited by arista; 02-10-2021 at 02:25 PM. |
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03-10-2021, 10:52 AM | #2 | |||
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שטח זה להשכרה
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Another British company in foreign hands. I have always shopped in Morrisons... but I intend to boycott them now.
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04-10-2021, 08:38 AM | #3 | |||
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[Labour and Lib Dems urge Morrisons owners to protect workers
Politicians say they will ensure the chain is not heaped with debt and stripped of assets after £7.1bn takeover] [Politicians from Labour and the Liberal Democrats have signalled that they will be keeping an eye on US private equity firm Clayton, Dubilier & Rice (CD&R), which over the weekend won a tense auction with a rival suitor to take control of the supermarket chain for £7.1bn. “Morrisons is a much-loved British firm which has been rooted in communities up and down the country for over 100 years,” Seema Malhotra, Labour MP and shadow minister for business and consumers, said. “The new owners must urgently deliver binding assurances for workers, pension fund holders and local people.”] https://www.theguardian.com/business...rotect-workers |
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