Asda

U.S. Equity groups battle it out in $10bn deal for British supermarket Morrisons

U.S. Equity groups battle it out in $10bn deal for British supermarket Morrisons

  • The $10 billion takeover battle between two U.S. private equity groups looks set to be decided by a rarely used auction process
  • The fight for Britain's fourth-largest grocer after Tesco, Sainsbury's and Asda, is the most high-profile looming takeover amid a raft of bids and counter bids, reflecting private equity's appetite for UK Plc
By Reuters ·