• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Morrisons bidder CD&R reaches agreement with pension trustees

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

LONDON (Reuters) – Morrisons suitor Clayton Dubilier & Rice said it had reached agreement with the pension trustees of the British supermarket chain to provide additional security and support to the schemes, as it seeks to clinch the deal ahead of a rival bidder.

Morrisons is at the centre of a bid battle between two U.S. private equity firms.

The supermarket group agreed a 7 billion pound offer from Clayton, Dubilier & Rice (CD&R) in August, but a rival consortium led by Softbank-owned Fortress Investment Group could still trump the bid and the battle looks to be heading for an auction.

Chairman of the Trustees, Steve Southern, said that under CD&R, the outcome for Morrisons pensioners would be positive.

“We are pleased with the progress made and CD&R’s ability to provide the necessary support and reassurance to the Schemes,” he said in a statement on Tuesday.

(Reporting by Sarah Young; Editing by Kate Holton)

Source Link Morrisons bidder CD&R reaches agreement with pension trustees

David Barret
David Barret

Related posts:

  1. Afghanistan could be catalyst for common EU migration policy -commissioner
  2. Tennis-Bencic serves up masterclass to reach U.S. Open fourth round
  3. Montenegro police fire teargas at protesters incensed over cleric’s enthronement
  4. Filibuster imperils Pelosi’s abortion bill in U.S. Senate – Klobuchar

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Over Past 250,000 Years, Three Major Waves Of Human-Neanderthal Interbreeding Have Been Identified
  • Zebrafish “Catch” Yawns Just Like Us – We Might Need To Rethink Evolution To Account For That
  • 80,000-Year-Old Neanderthal Footprints Reveal How Children Hunted On Beaches
  • 5 Animals That Have Absolutely No Business Jumping (In Our Very Humble, Definitely Unbiased Opinion)
  • Polar Vortex Patterns Explain Winter Cold Snaps Against Background Warming Trend
  • Scientists Tracked An Olm For 2,569 Days And It Did Not Move An Inch
  • Look Out For “Fireballs”: The Best Meteor Shower Of 2025 Is About To Commence, According To NASA
  • Why Do Many Large Language Models Give The Same Answer To This “Random” Number Query?
  • Adidas Jabulani: The World Cup Football So Bad NASA Decided To Study It
  • Beluga Whales Shake Their Blob-Like Melons To Say Hello And Even Woo A Mate, But How?
  • Gravitational Wave Detected From Largest Black Hole Merger Yet: “It Presents A Real Challenge To Our Understanding Of Black Hole Formation”
  • At Over 100 Years Of Age, The World’s Oldest Elephant Passes Away In India
  • Ancient Human DNA Reveals Earliest Zoonotic Diseases Appeared 6,500 Years Ago
  • Boys Are Better At Math? That Could Be Because School Favors Them Over Girls
  • Looptail G: Most People Can’t Recognize A Letter You Have Seen Millions Of Times
  • 24-Million-Year-Old Protein Fragments Are Oldest Ever Recovered, A Robot Listened To Spoken Instructions And Performed Surgery, And Much More This Week
  • DNA From Greenland Sled Dogs – Maybe The World’s Oldest Breed – Reveals 1,000 Years Of Arctic History
  • Why Doesn’t Moonrise Shift By The Same Amount Each Night?
  • Moa De-Extinction, Fashionable Chimps, And Robot Surgery – No Human Required
  • “Human”: Powerful New Images Mark The Most Scientifically Accurate “Hyper-Real 3D Models Of Human Species Ever”
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version