Morrisons’ shareholders have approved Clayton Dubilier & Rice’s £7bn takeover of the 122-year-old grocer.
The new owner has said it will be “mindful” of the supermarket’s heritage, culture and business model as it moves to end Morrisons 54 years as a public company.
In total, 99.24% of investors who voted supported the 287p-a-share deal, with 78.4% of all Morrisons shareholders voting. This means that the takeover will be completed on 26 October and shares in Morrisons will be delisted from the London Stock Exchange by 28 October.
