Morrisons Bidder CD&R Reaches Agreement With Pension Trustees

Morrisons Bidder CD&R Reaches Agreement With Pension Trustees
A view of a Morrisons supermarket in Birtley, Britain, on Aug. 16 2021. Lee Smith/Reuters
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LONDON—Morrisons suitor Clayton Dubilier & Rice said it had reached an agreement with the pension trustees of the British supermarket chain to provide additional security and support to the schemes, as it seeks to clinch the deal ahead of a rival bidder.

Morrisons is at the center of a bid battle between two U.S. private equity firms.