© Reuters. FILE PHOTO: A Morrisons retailer is pictured in St Albans, Britain, September 10, 2020. REUTERS/Peter Cziborra/File Picture
LONDON (Reuters) – British grocery store group Morrisons has rejected a proposed money provide of 230 pence a share from non-public fairness agency Clayton, Dubilier & Rice (CD&R), it mentioned on Saturday.
Morrisons mentioned the “unsolicited extremely conditional non-binding proposal”, which was obtained on June 14, “considerably undervalued Morrisons and its future prospects.”
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