Morrisons: Supermarket Agrees £6.3bn Takeover - Bbc News

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The UK's fourth largest supermarket accepts an offer from the US owner of Majestic Wine. : Supermarket chain Morrisons has accepted a £6.3bn ($8.7bn) takeover bid by a US investment group led by the owner of Majestic Wine. Last month, the supermarket group turned down an offer from a different firm, saying it had significantly undervalued the business. Morrisons chairman, Andrew Higginson, said the new offer was fair, and the chain would "continue to prosper". The deal is subject to shareholder approval but the supermarket group's directors are recommending it is unanimously voted for.

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