All Mergers & acquisitions articles – Page 27
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NewsCD&R wins backing of Morrisons pension trustees
Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.
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NewsCouche Tard favourites should Asda owners look to sell EG Group
Canadian convenience store petrol station giant Couche Tard is seen as the favourite should Asda’s new owners look to sell off their forecourt empire.
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AnalysisAnalysis: Why Morrisons’ Potts is feeling Christmas cheer despite profit slump
Despite reporting a slump in profits for the first half of the year, Morrisons was bullish on its full-year profit guidance, saying it would be higher than the £431m it reported in exceptional circumstances last year.
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NewsJD Sports circles Missguided for possible takeover bid
JD Sports is understood to be considering acquiring a controlling stake in fast fashion etailer Missguided.
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NewsMorrisons takeover bidding war set to go to auction
Morrisons’ rival bidders Fortress and CD&R and set to go to auction to secure a final offer for the supermarket ahead of a shareholder vote on a takeover deal in October.
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NewsFortress prepares fresh Morrisons bid as potential auction looms
Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.
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NewsJD Sports ‘perplexed’ as Footasylum deal knocked back by CMA
JD Sports faces the prospect of having to sell Footaysylum following renewed concerns about the deal from the Competition and Markets Authority.
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Opinion‘Expect more deals to come in grocery retail’
It is undeniable that the grocery sector is white hot with both opportunity and activity.
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NewsMorrisons pension trustees warn of risks around potential takeover
The takeover offers for Morrisons could “potentially weaken” the security of the supermarket’s pension schemes if no additional protections are offered, according to its trustees.
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NewsSainsbury’s braces for bid as American investors circle
The UK’s second largest grocer Sainsbury’s is reportedly being targeted for a takeover by an American private equity firm, amid mounting mergers & acquisitions in the grocery space.
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AnalysisAnalysis: How do CD&R and Fortress’ rival visions for Morrisons compare?
As Clayton, Dubilier & Rice (CD&R) moves into pole position ahead of Fortress to acquire Morrisons, Retail Week compares the competitors’ strategic plans for the grocer.
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NewsMorrisons backs £7bn takeover offer from ex-Tesco boss Leahy and CD&R
Morrisons has recommended a £7bn offer from private equity giant Clayton, Dubilier & Rice (CD&R), which has trumped a rival bid from Fortress.
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NewsAdidas sells Reebok to Authentic Brands Group for $2.5bn
Adidas will sell the Reebok brand to American brand development, marketing and entertainment company Authentic Brands Group (ABG) following a decision earlier this year to focus on its core brand.
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NewsMorrisons suitor CD&R mulls counteroffer as bid deadline extended
Morrisons bidder CD&R is considering an increased offer for the supermarket chain after rival suitor Fortress raised its bid last week.
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NewsFortress increases bid for Morrisons to £6.7bn
The consortium led by US private equity firm Fortress has increased its offer for Morrisons in a bid to fend off rival suitors.
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NewsAsda boss Roger Burnley steps down with immediate effect
Asda boss Roger Burnley has left the grocer with immediate effect, months before he had initially been due to step down – and with no successor in place.
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NewsThe Hut Group snaps up Cult Beauty in £275m deal
The Hut Group has acquired online beauty marketplace Cult Beauty for £275m and raised its full-year sales outlook as a result.
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NewsSweaty Betty acquired by US firm Wolverine in $410m deal
Sweaty Betty has been purchased by US footwear manufacturer Wolverine Worldwide and will join the company’s portfolio of footwear and lifestyle brands, including Hush Puppies and Keds.
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NewsMorrisons suitor CD&R poised to kick off bidding war
Morrisons is bracing itself for a counter takeover offer this week as shareholder opposition mounts against Fortress’ £6.3bn bid.
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NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.