LONDON: British supermarket group Morrisons has accepted an improved £7.0-billion (RM 29.6 billion) counter-bid from US private equity firm Clayton, Dubilier & Rice, and withdrawn support for a lower offer from Softbank-owned Fortress.The CD&R deal, worth the equivalent of $9.6 billion (RM 40.6 billion), is the latest twist in a months-long takeover tussle for ownership of Britain’s fourth biggest supermarket group.New York-based CD&R announced late Thursday that it had reached a deal with Morrisons management for an offer pitched at 285 pence per share, worth £9.7 billion (RM 41.1 billion) including debt.“The Morrisons board believes that the offer from CD&R represents good value for shareh
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