Morrisons is following in ASDA's footsteps and going up for auction with a whopping price tag
Reading now: 934
manchestereveningnews.co.ukSign up for our daily newsletter to get the day's biggest stories sent direct to your inbox Supermarket giant Morrisons has confirmed it is to be sold at auction this weekend.
The retailer's sale is set to be in the biggest shake-up since its acquisition of Safeway in 2004, and could replicate the Issa Brothers’ takeover of Asda.
Private equity giants Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group - who are both battling it out for the supermarket - will go head-to-head in a one-day auction on October 2.
American giant CD&R started its pursuit of Britain's fourth largest grocer in June. It was the first company to table a deal. READ MORE: Mum almost 'disowned by her sons' after PrettyLittleThing outfit fail Rival
Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
