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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 read

· Last updated: January 28, 2026

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UK Regulator Investigates Clayton's $10B Morrison Acquisition

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)

Key Takeaways

  • The UK competition regulator is investigating Clayton's acquisition of Morrison.
  • The inquiry will assess the impact on customer choice in the UK.
  • Comments from interested parties are invited until March 24.
  • CD&R won the auction for Morrison by outbidding Fortress Investment Group.
  • The decision will determine if the merger reduces market competition.

Frequently Asked Questions

What is the main topic?
The UK competition regulator's investigation into Clayton's acquisition of Morrison and its potential impact on market competition.
Who is involved in the Morrison acquisition?
Clayton, Dubilier & Rice Holdings, with former Tesco boss Terry Leahy as an adviser, is acquiring Morrison.
When is the decision expected?
The Competition and Markets Authority has set a preliminary decision deadline of March 24.

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