U.K. grocery chain Wm Morrison Supermarkets Plc said it rejected a cash offer from Clayton Dubilier & Rice LLC at 230 pence per share.
The company said in a statement that the offer “significantly undervalued Morrisons and its future prospects.”
Morrison said it received the unsolicited proposal on June 14 and rejected it on June 17.
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June 20, 2021 at 12:39AM
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WM Morrison Says It Rejected CD&R Proposal at 230 Pence/Share - Bloomberg
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