Talk of bidding war sees shares in UK’s fourth-largest supermarket chain soar by 11 per cent. : The Independent’s journalism is supported by our readers. When you purchase through links on our site, we may earn commission. US investment giant Apollo Global Management has confirmed it is considering launching a rival bid to buy Morrisons, just hours after the Bradford-based supermarket chain said it had accepted a £6.3bn offer from another New York private equity firm.