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Deep dive: Tackling the fulfilment nightmare before Christmas

Deep dive: Tackling the fulfilment nightmare before Christmas
retail-week.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from retail-week.com Daily Mail and Mail on Sunday newspapers.

Koch Industries among investors set to take over UK supermarket Morrisons

Koch Industries among investors set to take over UK supermarket Morrisons
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UK supermarket Morrisons agrees to £6 3 billion takeover - Expat Guide to the United Kingdom

UK supermarket Morrisons agrees to £6.3 billion takeover Published on Share British supermarket giant Morrisons has accepted a takeover offer from a consortium of investment groups following its rejection of a private equity bid last month, the chain announced on Saturday. Under the £6.3 billion ($8.7 billion) deal, the group of investors comprising Softbank-owned Fortress, Canada Pension Plan Investment Board and Koch Real Estate Investments (KREI) will pay 252 pence per share plus a 2p special dividend. According to the announcement, the deal also includes £3.2 billion in debt, which makes the total operation worth £9.5 billion with debt recovery. The takeover of the supermarket based in northern England follows the rejection of a £5.5 billion offer in June from Clayton Dubilier & Rice that sent the chain’s share prices soaring but which Morrisons ultimately said was too low.

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