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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Cisco says computer chip shortage to last six months
admin, , Business, 0
That is why Mr Robbins says: “What we don’t want is to have consolidation where any of the risks...
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Supreme Court backs Jack Daniel’s in dog toy row
admin, , Business, 0
“Jack Daniel’s loves dogs and appreciates a good joke as much as anyone. But Jack Daniel’s likes its customers...
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Walgreens abandons Boots sale after market turmoil
admin, , Business, 0
Rosalind Brewer, chief executive of Walgreens Boots Alliance, said: “We have now completed a thorough review of Boots and...
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Food production in the UK at risk of moving overseas, warns industry
admin, , Business, 0
“We’ve got a very highly skilled, well run food manufacturing sector in this country at the moment which exports...
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How pandemic burnout sparked a revival of a granny hobby
admin, , Business, 0
“I was on maternity leave and stuck in lockdown, so, for me, it really provided a way to ease...
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Hairdressers fear staff crisis after apprentice shortage
admin, , Business, 0
“We’ve seen from other industries which have gone through recessions, construction for example, that if you have a period...
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Clintons boss: Supermarkets selling greeting cards ‘grossly unfair’
admin, , Business, 0
But those deemed essential can continue to sell non-essential items if they are stocked on their aisles.
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‘Chaotic’ youth job scheme failing to deliver, MPs say
admin, , Business, 0
“It has given more than 130,000 young people opportunities to work, earn and improve their prospects. It responded to...
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