RE: Morrisons returns with fresh McColl's offer as endgame looms8 May 2022 18:20
Glimmer of hope. Two things that now go against the administration which has not yet been rubber stamped by the courts so technically the company is not yet in administration:
1) pwc appear to be in a position of conflict of interest by playing a dual role and their appointment could be challenged on this basis by the courts; and
2) the revised bid by Morrison’s today, a solvent bid should trump an insolvent one so I do not see any basis to reject the revised Morrison’s bid.
Shareholders, it is not yet over IMO.
DYOR