According to the Financial Times, which along with Sky News, first revealed details of CD&R’s intentions, the US buy-out firm approached Morrisons on 14 June. In addition to the cash offer, CD&R would take on Morrisons’ £3.2bn of debt, taking the total value of any deal to almost £9bn.
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Elon Musk announces new AI start-up
admin, , Business, 0
Mr Musk purchased the microblogging platform in a deal worth billions, before making sweeping changes which led to many...
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Worst to come for food price rises, Tesco boss says
admin, , Business, 0
“As far as Tesco is concerned, we have 2,100 products on our lowest price. We’re either price matching against...
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Fears of higher oil prices after Red Sea attacks
admin, , Business, 0
But Simon Williams, the RAC motoring group’s fuel spokesman, said while tankers avoiding the Red Sea had the “potential...
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UK economic outlook has deteriorated, Bank of England warns
admin, , Business, 0
While the Bank said the UK’s banking sector was well-placed to cope with a severe downturn, it said banks...
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Thames Water says turnaround will ‘take time’
admin, , Business, 0
Speaking to the BBC’s Today programme, Sir Robert said: “The question I think we need to ask Thames Water...
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Welsh shoppers shell out the most for Easter eggs
admin, , Business, 0
On Tuesday, Ocado Retail, which owns an online food joint venture with Marks & Spencer, said that it expected...
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Strong job gains in US add to economic puzzle
admin, , Business, 0
“Perhaps the report details, with the unemployment rate rising and average hourly earnings growth slowing, tilts the decision to...
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P&O Ferries’ job cuts a ‘PR disaster’, say experts
admin, , Business, 0
However, Ms Hartley, who co-founded social media crisis management firm Polpeo, said there’s an old adage in the world...
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