Morrisons Agrees £6.3bn Takeover Bid From Investment Group | Morrisons

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UK’s fourth largest supermarket operator accepts offer from Fortress Investment GroupMorrisons has agreed a takeover offer from Fortress Investment Group, which values Britain’s fourth largest supermarket operator at £6.3bn.The offer from Fortress, which is backed by Canada Pension Plan Investment Board and Koch Real Estate Investments, exceeds the £5.52bn proposal from US private equity firm Clayton, Dubilier & Rice (CD&R), which Morrisons rejected on 19 June, saying it was far too low. Continue reading...

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