The stock market's Takeover Panel has announced bids over the supermarket must now be submitted....
The initial round of bidding will take place on Saturday with the result revealed on Monday....
US private equity firms, Fortress and Clayton Dubilier Rice( CDR) are set to bid over the UK supermarket chain.If one firm decides it will not increase its current offers, the process will be scrapped. CDR made the first approach for the supermarket in June. Fortress then made an offer of £6. 3billion
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2021-09-29 00:00:00.0