CD&R Beats Fortress in Auction and Wins Morrison Prize

CD&R Beats Fortress in Auction and Wins Morrison Prize

(Bloomberg) – Rice LLC and Clayton Dubilier won a long battle against private equity firm Fortress Investment Group for WM Morrison Supermarket PLC during an auction with a great value of 7 billion-pounds bet for Britain’s fourth-largest grocer. Chairman Andrew Higginson said in an assertion on Saturday that the last proposal of 287 pence an … Read More

Rivian Details $1 Billion Loss, Amazon Deal in IPO Filing

Rivian Details $1 Billion Loss, Amazon Deal in IPO Filing

(Bloomberg) – The manufacturers of Electric Pickups, Rivian Automotive Inc. that works with the support of Amazon.com, faced a huge loss of $1 billion during the first of this year, according to the reports. On Friday, the California-based startup, in a filing with the American Securities and Exchange Commission, Irvine listed the $100 million as … Read More