(Bloomberg) -- U.K. grocery chain Wm Morrison Supermarkets Plc said it rejected a cash offer from Clayton Dubilier & Rice LLC at 230 pence per share..The company said in a statement that the offer “significantly undervalued Morrisons and its future prospects.”.Morrison said it received the unsolicited proposal on June 14 and rejected it on June 17..©2021 Bloomberg L.P.
