Fresh takeover offer suggests protracted bidding war for UK grocer Morrisons

The latest offer represents a 60% premium to Morrisons' share price before takeover interest emerged in mid-June
Fresh takeover offer suggests protracted bidding war for UK grocer Morrisons

Morrisons, the UK's fourth-largest grocer, is the subject of the most high-profile deal amid a raft of bids and counter bids playing out in Britain.

Shares in UK supermarket group Morrisons jumped above the level of an agreed takeover offer from US private equity group Clayton, Dubilier & Rice (CD&R), indicating a protracted bid battle for the retailer may yet have further to run.

The UK's fourth-largest grocer is the subject of the most high-profile deal amid a raft of bids and counter bids playing out in Britain.

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