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Britain’s Morrisons says rejected CD&R takeover proposal By Reuters 

© Reuters. FILE PHOTO: A Morrisons retailer is pictured in St Albans, Britain, September 10, 2020. REUTERS/Peter Cziborra/File Picture

LONDON (Reuters) – British grocery store group Morrisons has rejected a proposed money supply of 230 pence a share from personal fairness agency Clayton, Dubilier & Rice (CD&R), it mentioned on Saturday.

Morrisons mentioned the “unsolicited extremely conditional non-binding proposal”, which was acquired on June 14, “considerably undervalued Morrisons and its future prospects.”

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