Offer from US firm Clayton Dubilier & Rice will put supermarket chain into private hands for first time since 1967
Morrisons shareholders waved through a £7bn private equity takeover on Tuesday but not without a last-ditch rebellion from small independent investors.
Just over a fifth of the supermarket’s shareholders, almost 22%, voted against the 287p a share offer from US private equity group Clayton Dubilier & Rice (CD&R) at a court meeting which required approval from 50% of investors.
