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With the CD&R Counter Bid likely to be announced in the next few days we should see a hive of activity. Bear in mind that CD&R already have a significant presence in the UK as it owns Motor Fuel Group (MFG) the largest forecourt owner operator in the UK with 900 petrol stations, all well presented and rum by an excellent management team. The firm also operates a well run "Click and Collect" service for parcel deliveries from UPS, FEDEX, and a host of other national delivery networks.
I see a near perfect synergy with the integration of Morrisons. MFG, and Amazon. To that end I firmly believe that Amazon will play a Major role in the full take over of Morrisons . . .
Thank you for the tip Strode.
I see their management experienced the same fate as the Morrison Team when it came to pay increases.
Could well be a precursor to a take over.
Back to Morrisons, I think Fortress will just up their bid if it looks as if they will fail to gain enough support.
I'm sticking with a £2.75 final offer, which I feel will probably be acceptable to the big boys.
Hi Kingalf
Firstly Amazon certainly would not show its hand until it is able to see how the current game plays out.
Secondly, an Amazon bid for Tesco is in fact a complete non-starter. Why? because there would be severe Political opposition to any such moves, not to mention quite a few extremely large and very very powerful investors who would in fact see that such a move fails. Amazon would lose tens of millions of pounds in cold blood just in the bidding process, which would fail. You see when a bidder comes forward in this league its costs a considerable amount of money in fees.
Tip for you. Fortress, when it loses the bidding war for Morrisons, will still be sitting on around $9 billion without a home, so where will it go or where will a large amount of that cash pile go . . . I suggest looking at BandM.
Regards
Strode
Forget about Amazon, they would have indicated some kind of interest by now.
They've got deep enough pockets, why waste your time on Morrisons, when you could easily afford Tesco.