UPDATE: Morrisons agrees to £7bn takeover deal by CD&R

UPDATE: Morrisons agrees to £7bn takeover deal by CD&R

Morrisons has agreed to a £7bn takeover by Clayton, Dubilier & Rice, which increased its offer for a takeover of the supermarket chain. Morrisons’ share price surged 4.5%. Earlier, CD&R had made an offer of 230p a share, which valued Morrisons at £5.5bn,...
Blackstone to Invest as Much as $500m in Solar Firm Array

Blackstone to Invest as Much as $500m in Solar Firm Array

Blackstone Group will invest as much as $500m in the solar equipment manufacturer Array Technologies. Funds managed by Blackstone Energy Partners will buy $350m in preferred stock from the Albuquerque, New Mexico-based solar company and retain the option to purchase...