Morrisons customers, staff and suppliers could lose out after the supermarket’s board backed a fresh takeover bid from a group of controversial investors, critics fear.
The chain revealed at the weekend that it had received a second takeover bid, worth £6.3billion, from a consortium led by US private equity firm Fortress – and would recommend the offer to its shareholders.
The bidders have promised to be ‘good stewards’ of the popular British grocery business, vowing to keep the headquarters in Bradford and not to make any ‘material’ sales of its property.
The chain revealed at the weekend that it had received a second takeover bid, worth £6.3billion, from a consortium led by US private equity firm Fortress – and would recommend the offer to its shareholders. A Morrisons store is seen above
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