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The way I see it, if you are looking to preserve the business as is, you can get away with a lower offer and will have the boards blessing as demonstrated by the accepted offer from Apollo.
If you are perceived to want to load the business with debt, cut costs and asset strip you will have to pay up.
Therefore, Amazon will not have to bid very much higher than the existing accepted offer to secure the business, who would staff rather sell to, a consortium saying the right things or a company like Amazon who are existing partners.
If Amazon does decided to buy I expect an offer close to the accepted offer, they really don't need to pay up.
Anyone considering voting against the current deal.
Agreed I sincerely believe Amazon will eventually top any offer.
Agreed I sincerely believe Amazon will eventually top any offer.
Bertram, Amazon is still in the process of testing the self-checkout supermarket concept in the UK (stocking it initially mainly with Morrison's products). They opened the first one in Ealing only in March, so I don't think any final decision has yet been reached. As long as no one else made a play for Morrison's, they were probably happy to just continue with the test. But now they're forced to take a decision and, as I've said before, I don't think they'll be too concerned about what they have to pay to buy Morrison's; they'll be far more concerned with what the long-term cost to them will be if they DON'T buy it.
Ok, how about 15/1 on the bet haha?
Gmed-2 I would love Amazon to get involved. An extremely wealthy company with deep pockets but don't you think they would have already bought morrisons if they wanted to? We will never know what has gone on in the board room. The second bid may have had Amazons blessing. Who knows.
As for your bet I think you are being a bit keen there per chance.
If you had asked that question a few months back I could have given a big list of Reits
Be amazed if Amazon doesn't get involved in this, what better way to arrange click and collects before or after your grocery shop ? not to mention the use of store facilities for general sales
Amazon stores already in Wembley, Ealing, White City, Chalk Farm, Canary Wharf .....
Bertram, If there's only a 5% chance of Amazon making a bid, will you give me 19/1 odds if I bet Amazon will get involved?
I keep reading that "Amazon may come in" . Well I think Amazon will have known along time ago about the first bid. Long before it was public. The board of MRW will have talked to Amazon just to confirm they have no interest. For these reasons I have 95% ruled amazon out. The 17th is key, see if first bidder comes back or third enters the fray. Other thoughts?
Still think Amazon takes this out....
TBF to Apollo Caesars pulled the rug from under their feet by threatening to stop their US cooperation with Hills which was the whole point of the exercise.
Legal & Generals comments on MRW takeover interesting. But would they - will they - act.
Which other UK listed companies are currently sat on lots of freehold land which are currently unloved?
A lovely thought however as all experienced investors will know, there is no such thing as free money or anything close to it. Unless you have inside knowledge (illegal to use in the stockmarket) most exceptional gains are the result of pure luck. As for Apollo, they talk the talk but do not walk the walk; they put in a failed pathetic bid for William Hill then did not follow up when it was taken up by Ceasers; this share will be no different.
Simon - buying at 230 was the closest thing to free money you'll ever get.
If the 85 percent that Morrison shops are on and if the Freehold land is worth over 4 Billion the price looks cheap
These should have a downside of 254p and an upside of 275p+ so probably still worth a punt @ 266p?
Why didn't I go into this a few weeks ago at around 2.30? All were suggesting 2.70 as a successful bid. An easy 10% profit.
What an idiot I am.
UK PM Johnson's spokesman: Morrisons takeover proposals are commercial matter
5 July 2021, 16:06
LONDON (Reuters) - Takeover proposals for British supermarket chain Morrisons are a commercial matter for the companies involved, a spokesman for Prime Minister Boris Johnson said on Monday.
"It remains a commercial matter for individual businesses as to how they're structured and funded so it wouldn't be for me to comment on specific firms," the spokesman said when asked if the government had looked at possible intervention in any deal.
Even if they trash it - then domestic capital will have an opportunity to buy it back for cheap and then rebuild ..
but generally this perception of the need for gov intervention on any commercial move is really off in it's very core.
ken4 that was very eyeopening ,i can only say all shareholders should read the dailymail article ,mind you the only thing i ever trust in a newspaper is my fish and chips
The Government does not have the power to intervene.
Intervention without legal cover would be dangerous and does not really paint a good picture of ‘Global Britain’?
This was always inevitable given the UK’s chosen path.
I don’t think this will be the last part of UK PLC to fall into US (or just foreign) hands.
Could be good for UK investors at least in the short term.
I think this covers a number of points that should trigger some gov action.
Trusting them to honour Ken's vision without it being legally binding seems a lot of steps too far.
Hopefully a local rival will appear. not selling any yet!
GLA DYOR
Is there a chance Government will step in? If nothing else risk of a reduction of Corporation Tax receipts if foreign owned. Pity if UK based funds, Insurance Cos are not interested to leave a few UK based Companies UK owned.