With fewer than 100 days before the U.K. is set to leave the European Union, companies on both sides are preparing for the possibility of a "no-deal" scenario, which could leave goods stuck in ports in the U.K and the EU. Photo: ReutersU.S. buyout firm Clayton, Dubilier & Rice has agreed to acquire a significant stake in the U.K. catering operator behind restaurant and catering brands such as Benugo and Searcys London in a deal that values the company at about $1 billion including debt, according to people familiar with the matter. CD&R’s deal with WSH Investments Ltd. represents a potential endorsement of the U.K. economy, which risks a severe downturn if the U.K. government fails to reach an agreement over its continuing divorce with the European...

Source: Wall Street Journal January 07, 2019 16:15 UTC