Philip Morris, Carlyle could fight it out for UK’s Vectura in auction ring
The takeover battle for drugmaker Vectura (VEC.L) will enter a rare head-to-head auction process if private equity group Carlyle (CG.O) and tobacco giant Philip Morris (PM.N) do not make final bids by Tuesday, according to a British regulator.
Morrisons suitor CD&R gets more time to trump $9.3 bln offer
Morrisons (MRW.L) suitor, U.S. private equity group Clayton, Dubilier & Rice (CD&R), has won more time to consider a counter bid to Fortress’ agreed 6.7 billion pounds ($9.3 billion) offer for the British supermarket group.
