Counter-bid Could Be Launched For Supermarket Chain Morrisons

by business-live.co.uk posted 3weeks ago 5 views
The supermarket chain agreed a £6.3 billion private equity takeover offer on Saturday. : Investment giant Apollo has said it considering launching its own bid to buy Morrisons after the supermarket chain agreed a £6.3 billion private equity takeover offer on Saturday. New-York based asset manager Apollo Global Management confirmed that it is “in the preliminary stages of evaluating a possible offer for Morrisons” on behalf of investment firms managed by Apollo. The interest from Apollo comes two days after Morrisons told investors it had agreed a £6.3 billion bid from a consortium of investment groups.

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