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Supermarket shares soar as Morrisons war hots up: Grocer rises 30% after rejecting New York private equity firm's shock £5.5bn bid

Supermarket shares soar as Morrisons war hots up: Grocer rises 30% after rejecting New York private equity firm's shock £5.5bn bid

Shares in listed supermarkets rocketed yesterday as investors geared up for a bidding war over Morrisons. The huge rally follows a shock £5.5billion bid for the UK's fourth- largest grocer, from New York-based private equity firm Clayton Dubilier & Rice (CDR). Morrisons, which rose by more than 30 per cent, rejected the 230p...

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CDR Clayton Dubilier Morrisons New York New York-based Rice

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