CD&R Inks Pensions Package With Morrisons Trustees

By Irene Madongo (September 14, 2021, 4:14 PM BST) -- A private equity firm bidding to buy Morrisons said Tuesday that it has reached a deal with the supermarket giant's pension schemes that will ensure they are among the "best-funded" in the country.

Clayton, Dubilier & Rice LLC and the U.S. firm's takeover vehicle, Market BidCo Ltd., said they have agreed with the trustees of Morrisons Retirement Saver Plan and the Safeway Pension Scheme that more security should be contributed to the existing funding structure by increasing the number of properties in their portfolio.

The deal was agreed after the trustees raised concerns in August that the potential takeover of the British supermarket chain could...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!