09 Aug 2021 --- The ongoing bidding war for UK supermarket Morrisons has taken another turn as US-based private equity group Clayton, Dubilier & Rice, has been given more time to consider a rival offer. The UK’s regulatory body overseeing acquisitions, the Takeover Panel, has allowed CD&R until August 20 at 5 p.m. to confirm its offer for Morrisons or give up the deal, known as a “put-up or shut-up” deadline, which extends the previous August 9 deadline.
