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Fortress 'considering options' on Morrisons after CD&R trumps its bid

Fortress 'considering options' on Morrisons after CD&R trumps its bid
Fortress 'considering options' on Morrisons after CD&R trumps its bid   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – The consortium led by Fortress Investment Group said on Thursday it was “considering its options” regarding British supermarket group Morrisons after its takeover offer was trumped by rival private equity group Clayton, Dubilier & Rice (CD&R).

It urged Morrisons’ shareholders to “take no action” on CD&R’s 7.0 billion pound ($9.54 billion) agreed bid, which surpassed its own 6.7 billion pound offer.

($1 = 0.7336 pounds)