Leahy’s private equity group to buy Morrisons for £ 7 billion: Clayton Dubilier & Rice closes deal for grocer, but stocks rise, suggesting the fight may not be over
- CD&R trumped a previous stock offer of 272p worth £ 6.7 billion from competitor Fortress
- Morrison’s board of directors, who previously supported Fortress, backed CD & R’s deal
- Morrisons’ shares rose 4.2% to 291 pence in Friday afternoon trading
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