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Private equity firms in battle for Iceland
TWO private equity firms have placed bids for frozen food retailer Iceland, sources last night said.
The bids from BC Partners and Bain Capital are “aggressive”, the sources added, but they did not indicate whether supermarket chain Morrisons was still in the bidding process. Iceland chief executive Malcolm Walker has 42 days to match the highest bid.
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Weather for Edinburgh
Friday 25 May 2012
Today
Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 19 C
Wind Speed: 15 mph
Wind direction: North east
