Article Date 09/09/2021

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.

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