Merger Update: CD&R/Morrisons

CMA to look at CD&R undertakings offer in detail

Completed acquisition by Clayton, Dubilier and Rice of Wm Morrison Supermarkets Plc

On 24 March 2022, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

On 31 March 2022, Clayton, Dubilier and Rice (CD&R) offered undertakings to the CMA. The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

The CMA now has until 9 June 2022 to decide whether to accept the undertakings, with the possibility to extend this timeframe to 4 August 2022 if it considers there are special reasons for doing so.

The text of this decision will be placed on the Competition and Markets Authority's website at https://www.gov.uk/cma-cases as soon as is reasonably practical.

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