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If Amazon buys Morrisons, it'll be a win for consumers and a major threat to other supermarkets

  • Written by Michael Benson, Principal Lecturer in Finance, Accounting and Business Systems, Sheffield Hallam University
If Amazon buys Morrisons, it'll be a win for consumers and a major threat to other supermarketsC RGP

The share price of UK supermarket group Morrisons has jumped by over 30% after a US private equity firm made an offer to buy it for £5.5 billion. The bid by Clayton, Dubilier and Rice, which is being advised by former Tesco chief executive Terry Leahy, was rejected as Morrisons believes the business is worth more. But there is...

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