21st Oct 2021 13:40
Wm Morrison Supermarkets PLC - Bradford-based grocery chain - Clayton, Dubilier & Rice opens tender offer for Morrison debt notes. The US private equity firm offers to pay cash for all of the Morrison notes due 2023, 2026, 2029 and 2031, which together have GBP1.1 billion in outstanding principal amount. The offer comes after CD&R's GBP7 billion takeover of Morrisons was approved by shareholders on Tuesday. Some 99% of Morrison shareholders backed the takeover. Shares are expected to be cancelled on Thursday next week.
Current stock price: 286.10 pence
Year-to-date change: up 62%
By Tom Waite; [email protected]
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