Bargain central for the buy-out funds
The Morrisons takeover promises plenty of high-stakes drama (see page 7). The buy-out firm, Clayton, Dubilier & Rice, (CD&R) has already tabled an offer worth almost £9bn once the company’s debt is included. Sir Terry Leahy, the man who ran Tesco during its glory years, is on board as an adviser, and may well make a return to the sector where he made his name. The offer was rejected, but
