Private equity firm to increase offer for UDG Healthcare to £2.7bn
by Jasper Jolly and Mark Sweney from US news | The Guardian on (#5KGVY)
Move by Clayton, Dubilier & Rice, which wants to take over Morrisons, follows shareholder opposition to initial bid
The US investor Clayton, Dubilier & Rice is to increase its offer for Dublin-based UDG Healthcare to 2.7bn, in the latest swoop by a private equity firm on a London-listed company.
CD&R, which is also seeking to take over the UK supermarket chain Morrisons, is considering a new and final offer" valuing the business at 10.80 a share, UDG said in a statement to the stock market.
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