Morrisons
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Fitch downgrades debt-laden Morrisons
The grocer has been slapped with a “speculative” rating after being bought by a private equity firm
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Morrisons plans sale of 100 forecourts
Retailer’s private equity owner is also mulling the sale of its 921-forecourt MFG business
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CDR delays plans to shackle Morrisons with £6.6bn more debt
The equity giant has pushed plans to tap markets to 2022
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Morrisons deal waved through by shareholders
The new owners say they will be ‘mindful’ of supermarket’s heritage
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Fortress out on Morrisons but not giving up on M&A
Fortress loses Morrisons battle but still hungry for supermarkets
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CD&R creates Cayman company for Morrisons buy
The private equity firm says it will review Morrisons’ property ‘within months’ of takeover
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CDR pledges properties to Morrisons’ pension pot
Trustees feared a leveraged buyout would reduce contributions to the schemes
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Morrisons battle will be decided in auction duel
The two bidders will go head-to-head for Morrisons in October
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Morrisons bidders must put more property into pensions
By one measure the supermarket has a pension deficit of £800m
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Fortress urges Morrisons to ‘take no action’ after CD&R ups bid
Morrisons’ board last night recommended CDR’s £7bn
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Morrisons backs CD&R’s £7bn bid
The consortium has promised to preserve Morrisons’ 85% freeholds
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Fresh bid for Morrisons due this week
CD&R will put forward a new bid to rival Fortress’s £6.7bn offer