04 Oct 2021 --- The bidding war for British grocery chain Morrisons has closed with private equity group Clayton, Dubilier & Rice (CD&R) winning with its £7 billion (US$9.5 billion) offer. The UK’s regulatory body overseeing acquisitions, the Takeover Panel, made the official announcement last Saturday. CD&R offered £2.87 (US$3.90) per Morrisons ordinary share, against an opposing bid from US-based Fortress Investment Group, for £2.86 (US$3.89) per share.