the white house marked the fourth ofjuly with a fat spectacular fireworks display. it s described as the biggest shake up in the uk supermarket sectorfor a decade and in a few hours time morrison s share price and other supermarket stocks will have their first chance to react to the news that broke on saturday that morrisons has accepted a six point three billion pound takeover bid by the us investment group fortress investment. £6.73 £6.3 billion. unions are calling for unbreakable guarantees on jobs and conditions. the firm has nearly 500 shops and more than 110,000 staff in the uk. experts warn proceed with caution and speculate on other supermarkets that could be in the sights of private equity investors. joining me now is janet mui, investment director, brewin dolphin. is here to discuss what might happen next. morrisons has been in the sights of private equity for some time now and has finally agreed a deal. what is your take? ., .,
other news. the supermarket morrisons has agreed a takeover deal worth £6.3 billion. the bid is from a new company backed by three private investment groups, including the american owner of majestic wine. last month the chain rejected an offer of 5.5 billion pounds from a different firm saying it significantly undervalued the business. our business correspondent katy austin has more morrisons has nearly 500 stores and employs about 110,000 staff in the uk. the takeover offer that has been agreed is led by the us private equity group fortress. its bid is higher than one by a different firm which morrisons rejected last month. one stockbroker told me the supermarket is seen as an attractive prospect right now. the main issue is i think they will feel the price is too low and there is value to be had. the company is profitable it s got very limited debt, it has got a good, popular business, it s got a good business model and the shares have done very little for the last five years,
£6.3 billion. the bid is from a new company backed by three private investment groups, including the american owner of majestic wine. last month the chain rejected an offer of £5.5 billion from a different firm saying it significantly undervalued the business. our business correspondent katy austin has more. morrisons has nearly 500 stores and employs about 110,000 staff in the uk. the takeover offer that has been agreed is led by the us private equity group fortress. its bid is higher than one by a different firm which morrisons rejected last month. 0ne stockbroker told me the supermarket is seen as an attractive prospect right now. the main issue is i think they will feel the price is too low and there is value to be had. the company is profitable it s got very limited debt, it has got a good, popular business, it s got a good business model and the shares have done very little for the last five years, so i think they will genuinely think they are getting a bargain. so, would a t
of the player insist it is amicable and there is no one else involved and there is no one else involved and that was a point michael gove s spokesperson last night was keen to stress, the statement had not been put out to pre empt any stories in the papers this weekend. it is not a huge surprise, column sarah vine wrote for the mail on sunday last week said, wives who have no their husband is a very long time know they are not the master of the universe. she talked about how westminster can drive a wedge between couples. although she was referring to the health secretary matt hancock and his affair with his aid, it raised some eyebrows and lead people to believe she was alluding to something a little bit closer to home. alluding to something a little bit closer to home. ., ,, , ., , . closer to home. thank you very much, charlotte. british supermarket chain morrisons has accepted a takeover bid from the american owner of majestic wines worth £6.3 billion. last month, the company re
left in the singles. we could spend tomorrow s rest day imagining what emma could do next, her next opponent looks beatable. but no pressure. emma showed us that even elite sport is about pleasure. joe, thank you very much. the supermarket giant morrisons has accepted a takeover deal worth £6.3 billion from a consortium of investment groups, led by the american owner of majestic wine. our business correspondent katy austin reports. morrisons has nearly 500 stores and employs about 110,000 staff in the uk. the takeover it s agreed, led by fortress investment group, is higher than one it rejected last month from a different firm. one stockbroker told me the supermarket is seen as an attractive prospect. the main issue is i think they ll