Morrisons is no longer a public company following a £7 billion takeover by US private equity firm Clayton, Dubilier & Rice (CD&R).

Shares in the supermarket, which was formed in 1899 and listed on the stock market in 1967, ceased trading on Tuesday 26 October.

Sir Terry Leahy former CEO of Tesco, will become the chairman of Morrisons.

“I knew Ken Morrisons well and I understand the vision and values he built his business on,” Sir Terry commented.

Shareholders approved the £7 billion takeover of Morrisons by CD&R last week.

An overwhelming 99.2 per cent of the shareholder vote was in favour of the takeover, the retailer confirmed.

“We remain confident that CD&R will be a responsible, thoughtful and careful owner of Morrisons and we will now move forward with the remaining steps in the acquisition process,” Morrisons said.

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