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Kwarteng to request meeting with Morrisons boss over buyout

Kwarteng to request meeting with Morrisons boss over buyout
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

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Factbox-Supermarket sweep: $9 billion battle for Britain's Morrisons


Factbox-Supermarket sweep: $9 billion battle for Britain s Morrisons
07/05/2021 | 12:46pm EDT
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LONDON (Reuters) -An $8.7 billion battle for Britain s Morrisons heated up when a third private equity group entered the fray on Monday and the supermarket group s share price outstripped the value of an offer it recommended on Saturday.
Following are some details about the bidders for the 122-year-old grocery group, which is Britain s fourth largest supermarket chain with 500 stores and is based in Bradford, northern England.
FORTRESS LED CONSORTIUM
Morrisons agreed a 6.3 billion pound ($8.7 billion) takeover led by the SoftBank owned Fortress Investment Group and backed by Canada Pension Plan Investment Board and Koch Real Estate Investments on Saturday. ....

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New private equity bidder makes pension pledge in Morrisons takeover deal


Major investor LGIM calls for more detail on Morrisons property portfolio before voting on takeover
Morrisons staff pension benefits will not be watered down if Fortress successfully take over the supermarket chain.
Legal & General Investment Management (LGIM), one of Morrisons’ biggest shareholders, has called for more detail on Morrisons’ property portfolio before it votes on a private equity takeover bid.
Over the weekend Morrisons accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress.
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But this morning rival Apollo said it was “in the preliminary stages of evaluating a possible offer” for the supermarket – raising the possibility of a protracted takeover battle. ....

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