Morrisons battle set to be decided with auction

The news comes after three months of speculation and bidding for the future of the grocer

The bidding war between rival US private equity firms for the ‘Big Four’ grocer Morrisons is reportedly set to be decided with an upcoming auction.

According to the Mail, The Takeover Panel will begin talks with both Fortress and Clayton, Dublier and Rice (CD&R) and the Morrisons board as early as this week to establish a format for the potential auction.

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