The Hundred — some sort of pimped-up cricket tournament, I gather — passed me by entirely, but I’ve been admiring the spin bowling of the Clayton, Dubilier & Rice team in another big contest, namely the bid battle for Morrisons. When CD&R made its initial 230p per share offer in June, there was much talk of the ruthless financial wizardry this New York private equity firm might apply to the supermarket group to extract maximum profit within a short timescale.
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