Morrisons board backs Sir Terry Leahy takeover
It has emerged in documents that Leahy's team at Clayton Dubilier & Rice sweetened the deal ahead of the dramatic auction with a £660million property pledge to the company's pension funds.
Stay updated with breaking news from Ken Morrison. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It has emerged in documents that Leahy's team at Clayton Dubilier & Rice sweetened the deal ahead of the dramatic auction with a £660million property pledge to the company's pension funds.
In the first in our Britain for Sale series, we head to Bradford, where one store is part of the fabric
As concerns mounted over the swoop on Britain's fourth-largest supermarket chain, the former Tesco boss (pictured with Sir Ken Morrison) launched a charm offensive to win over critics.
A TAKEOVER bid for a supermarket with stores across York and North Yorkshire has intensified.
The US private equity giant, which is being advised on the deal by Sir Terry Leahy, offered to pay 285p per share for the supermarket group. Pictured: CEO David Potts could make £22million.