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UK competition regulator probes Clayton $10 billion deal for Morrison
Published by maria gbaf
Posted on January 27, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on January 27, 2022
1 min readLast updated: January 28, 2026
The UK competition regulator is investigating Clayton's $10 billion acquisition of Morrison to assess its impact on customer choice, with a preliminary decision expected by March 24.
LONDON (Reuters) – Britain’s competition regulator has formally open an investigation into whether a takeover by U.S. private equity Clayton, Dubilier & Rice Holdings (CD&R) of Morrison will reduce choice for customers in the country.
The Competition and Markets Authority said on Thursday it had launched a merger inquiry, inviting comments from interested parties and giving a deadline of March 24 for a preliminary decision.
CD&R, which has former Tesco boss Terry Leahy as a senior adviser, won an auction for Morrisons on Oct. 2, bidding a penny a share more than a consortium led by Softbank-owned Fortress Investment Group.
(Reporting by Andres Gonzalez; Editing by Rachel Armstrong)
The UK competition regulator's investigation into Clayton's acquisition of Morrison and its potential impact on market competition.
Clayton, Dubilier & Rice Holdings, with former Tesco boss Terry Leahy as an adviser, is acquiring Morrison.
The Competition and Markets Authority has set a preliminary decision deadline of March 24.
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