20 Aug 2021 --- Morrisons has accepted an improved takeover bid from US private equity group Clayton, Dubilier & Rice (CD&R). The CD&R offer values the entire issued and to be issued share capital of the UK supermarket chain at approximately £7.0 billion (US$9.5 billion) on a fully diluted basis and implies an enterprise value of £9.7 billion (US$13.2 billion). FoodIngredientsFirst reached out to the company for further details on the new development.
