The Sunday Telegraph

Ex-Tesco boss Leahy in bid for Morrisons

- By Laura Onita

THE former Tesco boss Sir Terry Leahy is leading a £5.5billion private equity bid for supermarke­t Morrisons.

New York-based Clayton Dubilier & Rice, for whom Sir Terry works, is working with Goldman Sachs on the offer for Britain’s fourth biggest supermarke­t chain. The board of Morrisons, which is being advised by Rothschild, last night said it had rejected the 230p a share “non-binding proposal”.

Business, page 1

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