Morrison shareholders to vote on CD&R takeover offer

Shoppers walk past a branch of the food retailer Morrisons in west London, Britain. Picture: REUTERS/TOBY MELVILLE

But CD&R could still face a late challenge from a consortium led by Fortress Investment Group, which has been pursuing the grocer throughout the summer and hasn’t yet declared whether it’s walking away. CD&R is being advised on its bid by Terry Leahy, who used to run Britain’s biggest supermarket chain, Tesco. The private equity firm has made pledges to maintain Morrison’s policy on pay and pensions and support its long-term relationships with British farmers.

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