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Wm Morrison Supermarkets plc – result of auction

4th Oct 2021 07:00

RNS Number : 8224N
Takeover Panel
02 October 2021
 

2021/21

OFFERS BY

 

OPPIDUM BIDCO LIMITED, A NEWLY FORMED cOMPANY INDIRECTLY OWNED BY FUNDS MANAGED OR ADVISED BY AFFILIATES OF FORTRESS INVESTMENT GROUP, LLC

("fortress")

 

AND

 

market bidco limited, A NEWLY INCORPORATED ENTITY FORMED BY CLAYTON, DUBILIER & rICE llp IN ITS CAPACITY AS ADVISER TO CLAYTON, DUBILIER & rICE, llc AS MANAGER OF cd&r fund xi

("cd&r")

 

for

 

wm morrison supermarkets plc ("morrisons")

On 29 September 2021, the Panel Executive announced that, in accordance with Rule 32.5 of the Takeover Code, it had established an agreed auction procedure (the "Auction Procedure") for the resolution of the competitive situation in relation to Morrisons.

The Auction Procedure has ended and the offers of Fortress and CD&R following its conclusion are as follows:

Fortress:

286 pence per Morrisons ordinary share

CD&R:

287 pence per Morrisons ordinary share

 

 

 

2 October 2021

 

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END
 
 
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