LONDON, Oct 2 (Reuters) - The board of British supermarket
Morrisons on Saturday recommended a 287 pence per share
offer from U.S. private equity firm Clayton, Dubilier & Rice,
valuing the UK's no. 4 grocer at $10 billion.
CD&R had earlier won an auction for the UK company, beating
a consortium led by the Softbank owned Fortress
Investment Group which offered a penny less per share.
(Reporting by Sarah Young; Editing by Catherine Evans)