HomeFinanceMorrisons leaves the stock market after 54 years ahead of its £7bn...

Morrisons leaves the stock market after 54 years ahead of its £7bn takeover by US private equity 



Morrisons leaves the stock market after 54 years ahead of its £7bn takeover by US private equity


Morrisons marked the occasion with a photograph of its chief executive David Potts and former Tesco boss Terry Leahy – who as an adviser to CD&R and orchestrated the deal

Morrisons marked the occasion with a photograph of its chief executive David Potts and former Tesco boss Terry Leahy – who as an adviser to CD&R and orchestrated the deal

Morrisons yesterday completed its last day on the stock market where it spent 54 years before its £7bn takeover by US private equity. 

Shares in the supermarket, which was set up in 1899 and listed in 1967, ceased trading ahead of the completion of the acquisition by Clayton, Dubilier & Rice (CD&R). 

Morrisons marked the occasion with a photograph of its chief executive David Potts (left) and former Tesco boss Terry Leahy – who as an adviser to CD&R and orchestrated the deal. In the background is a statue of Sir Ken Morrison, who ran the supermarket for 61 years before his death in 2017. 

He was the son of the founder, William Morrison. During the takeover campaign, Leahy, who is tipped to take over as chairman of Morrisons, harked back to his friendship with the family in a bid to win over doubters. ‘I knew Ken Morrison well and I understand the vision and values he built his business on,’ he said. 




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