• In the UK, the William Morrison supermarket chain has rejected the equivalent of a $7.6 billion (US) takeover offer from US private equity firm Clayton, Dubilier & Rice - which happens to employ Sir Terry Leahy, the former CEO of rival Tesco, as an advisor.
Morrison's said that the offer "undervalues" its assets and prospects.
The Financial Times writes that "US private equity firm Clayton, Dubilier & Rice is set to push ahead with its pursuit" despite being rebuffed.
