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Detailed text transcripts for TV channel - BBCNEWS - 20210621:19:36:00

also seeing increases. the uk s fourth largest supermarket rejected the offerfrom clayton, dubilier & rice, saying it significantly undervalues the business. 0ur reporter nina nanji joins me. big news in the retail world? it really is. this is generated quite a stir in the market. at the centre of it all is one company morrison. they are the uk s fourth largest soup market after tesco, sainsbury and as duffel to headquartered in york shire. but they actually employ around 118,000 people all around the uk. it is quite a significant number of staff they are. what we learned of the week and was they have received a takeover offer from an american firm and that offer was for around five and that offer was for around five and a half billion pounds to buy out morrison. morrison says that price wasn t right. they said a

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