Morrisons Share Price Soars As Third Bidder Considers Takeover Offer

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US private equity firm Apollo Global Management says it may make an offer for UK's fourth-largest supermarket chain as its shares hit 267p Shares in Morrisons soared on Monday after US private equity firm Apollo emerged as a third possible bidder for the supermarket chain. The stock jumped 11pc to almost 267p after the grocer's board said over the weekend that it had accepted a £6.3bn offer led by rival private equity house Fortress. The City's reaction indicates that investors believe that Morrisons could find itself at the centre of a bidding war.

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