© Reuters. FILE PHOTO: A Morrisons store is pictured in St Albans, Britain, September 10, 2020. REUTERS/Peter Cziborra/File Photo
LONDON (Reuters) – British supermarket group Morrisons has rejected a proposed cash offer of 230 pence a share from private equity firm Clayton, Dubilier & Rice (CD&R), it said on Saturday.
Morrisons said the “unsolicited highly conditional non-binding proposal”, which was received on June 14, “significantly undervalued Morrisons and its future prospects.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment