Morrison Seeks Auction to Decide Between Fortress, CD&R Bids
Source Yahoo Finance
(Bloomberg) -- Wm Morrison Supermarkets Plc called for an auction to settle whether Fortress Investment Group or Clayton Dubilier & Rice LLC acquires Britain's fourth-largest grocer.
Morrison said Wednesday that because neither bidder has declared their bid final, it's in talks to arrange an auction ahead of meetings with shareholders around mid-October. Fortress said it's still considering its options.