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IN BRIEF: Morrisons stock to be cancelled on Thursday amid CD&R buyout

25th Oct 2021 14:28

Wm Morrison Supermarkets PLC - Bradford-based grocery chain - Says request made for suspension of shares with effect Wednesday, amid takeover by Clayton, Dubilier & Rice LLP. Shares to be cancelled a day later. CD&R's GBP7 billion takeover of Morrisons was approved by shareholders last week Tuesday. Some 99% of Morrison shareholders backed the takeover.

Current stock price: 286.43 pence

Year-to-date change: up 62%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.

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