Morrison – Bidding War Rages On, With Yet Another Offer Possible
Private equity firm Clayton, Dubilier & Rice has increased its offer for Wm Morrison Supermarkets PLC (LON:MRW) to 285p per share. The offer has been recommended by the Morrison’s board. Q2 2021 hedge fund letters, conferences and more That’s ahead of the current offer from rival firm Fortress, which following the announcement urged Morrisons investors to “take no action” and said it would make a statement in due course. Morrison shares rose 4.4% following the announcement to 291.4p per share. The Bidding War For Morrison ReignitedNicholas Hyett, Equity Analyst at Hargreaves Lansdown: “Another...