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    MRW   GB0006043169

WM MORRISON SUPERMARKETS

(MRW)
Delayed London Stock Exchange  -  02:30 2021-10-27 am EDT
286.40 GBX   -.--%
06/29TRANSCRIPT : Wm Morrison Supermarkets Limited - Special Call
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05/09Wm Morrison Supermarkets PLC agreed to acquire Business and Assets of McColl's Retail Group plc for £160 million.
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05/06EG Group Reportedly Swoops for McColl's as Administrators Called in
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Morrisons Bidder Raises Takeover Offer to £6.7 Billion

08/06/2021 | 09:00am EDT

Fortress Investment Group LLC has increased its previous offer, which had been agreed by management at the Wm Morrison Supermarkets PLC (LSE:MRW), by £400 million. The bidder said it increased its offer amid “speculation regarding a possible counter-offer by Clayton, Dubilier & Rice (CD&R)”, a rival US private equity firm which saw a £5.5 billion approach rejected last month. UK takeover regulators had given CD&R a deadline of Monday August 9 to either place its own firm bid for the chain or walk away. It also comes after a string of Morrisons’ investors " including largest shareholder Silchester " said they would not back the original 254 pence per share offer agreed. The latest deal will value the company at 272 pence per share. Morrisons said in a stock market statement: “Morrisons directors believe that the increased Fortress offer is in the best interests of Morrisons shareholders as a whole, and accordingly unanimously recommend that Morrisons shareholders vote in favour of the resolutions required to implement the increased Fortress offer".


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All news about WM MORRISON SUPERMARKETS
06/29TRANSCRIPT : Wm Morrison Supermarkets Limited - Special Call
CI
05/09Wm Morrison Supermarkets PLC agreed to acquire Business and Assets of McColl's Retail G..
CI
05/06EG Group Reportedly Swoops for McColl's as Administrators Called in
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Managers and Directors
David T. Potts Chief Executive Officer & Director
Michael Gleeson Chief Financial Officer & Director
Trevor John Strain Chief Operating Officer & Director
Miles Foster Operations Director
Jonathan Burke Secretary & Director