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According to Sir Hazeltine, “Knucker’s Garden” is waiting for Morrisons

Sir Hazeltine argues that Morrisons’ private-equity acquisition is “another example of a company going to the yard of a scrapper.”

Morrisons’ private-equity acquisition is “another example of a company going to a scrapper’s yard,” Sir Hazeltine claims.

The former defense minister said it was “sorry” to see the British company Swath sold to a private equity fund. Its purpose is to sell the business and make a quick profit.

Concern: Former Defense Minister said it was “sorry” to see British company Swath sold to a private equity fund

When asked by the government to consider a series of recent deals, Hazeltine said:

A group of investors, led by US buyout firm Fortress, has invested £ 9.5bn in Morrisons on a proposal accepted by the board.

Another private equity firm, Clayton Dubilier & Rice, has already offered low bids and is now expected to beat the fortress deal with a rival offer.

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According to Sir Hazeltine, “Knucker’s Garden” is waiting for Morrisons

Source link According to Sir Hazeltine, “Knucker’s Garden” is waiting for Morrisons

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