U.S. Capital Acquires British Supermarket Morrison

Global Silicone Network News: American private capital investment company Clayton, Dubilier & Rice (CD&R) won the British supermarket Morrisons (Morrisons) with a total price of 7 billion pounds. The Morrison Board of Directors supports the acquisition plan proposed by CD&R. In a previous auction, CD&R defeated the consortium led by Fortress Investment Group by a narrow margin. Morrison’s board of directors submitted CD&R’s acquisition plan to the company’s general meeting of shareholders on October 19 for deliberation. If approved, the acquisition will be completed by the end of October.

Morrison is a veteran company with a century-old history. It currently ranks fourth in the UK retail industry after Tesco, Sainsbury and Asda.