The Latest Breaking News from CDR

Morrisons takeover by US private equity can go ahead, watchdog confirms

The Bradford retail is set to be acquired by Clayton, Dubilier & Rice which previously owned discount retailer B&M

Birmingham Post · Jun 9, 2022

CD&R, TPG Take Covetrus Private In $4B Deal

Clayton, Dubilier & Rice (CD&R), a private investment firm, and TPG Capital will acquire animal-health technology and services company Covetrus Inc (NASDAQ:CVET) for $21.00 per share, representing an enterprise value of approximately $4 billion. CD&R and its affiliates currently beneficially own approximately 24% of the company's outstanding shares of common stock.  The transaction…

Benzinga · May 25, 2022

Raymond James View Skewed Scenarios On Absent Supportive Bid For This Animal Health Stock

Raymond James downgraded the rating on Covetrus Inc (NASDAQ:CVET) from Outperform to Market Perform and removed the prior $22 price target after the company received a buyout at $21 per share. Though $21 may not ultimately prove to be the final resting place in terms of the offer price. Raymond James believes the proposed purchase…

Benzinga · May 23, 2022

Morrisons' £7bn takeover set to see 100 petrol stations sold across the UK

Clayton, Dubilier and Rice, which also owns forecourt operator Motor Fuel Group (MFG), won over control of the Big Four grocer in October - but the competition watchdog said it could lead to higher prices

Daily Mirror · Apr 8, 2022

Morrisons suitor hopes petrol station sale will ease takeover deal

Private equity group Clayton, Dubilier & Rice last year won the race to buy the Yorkshire-based supermarket chain but faces potential competition action

Birmingham Post · Apr 7, 2022

CD&R proposes petrol stations sale to push through £7bn Morrisons takeover

Last month, the CMA warned that the takeover of Morrisons could lead to higher fuel prices in 121 locations across the UK.

The Independent UK · Apr 7, 2022

Drivers warned as petrol prices could rise following Morrisons takeover

Drivers are being warned that despite the 5p fuel duty cut, petrol prices could rise again as supermarket giant Morrisons are being taken over by a private firm - adding a knock on affect to petrol prices.

Edinburgh Live · Mar 25, 2022

Morrisons' £7bn takeover could push petrol prices up in 120 parts of UK warns watchdog

The Competition and Markets Authority has warned that the private equity firm Clayton, Dubilier & Rice’s £7billion takeover of Morrisons could lead to higher fuel prices in more than 120 locations

Daily Mirror · Mar 25, 2022

Morrisons takeover could lead to higher fuel prices, watchdog warns

Competition and Markets Authority says deal could lead to higher costs for motorists in 121 areas of Britain

The Guardian - UK · Mar 24, 2022

Morrisons takeover could see 'prices rise at dozens of petrol stations'

It could lead to higher fuel prices in 121 locations across the UK

Nottingham Post · Mar 24, 2022