RE: New takeover offer 285p!!!20 Aug 2021 09:23
LONDON BRIEFING: Softbank's Fortress doesn't give up on Morrisons
Fri, 20th Aug 2021 08:10Alliance News
(Alliance News) - Softbank-backed investment manager Fortress hasn't abandoned yet its effort to buy Wm Morrison Supermarkets, despite the UK grocer late Thursday agreeing to a new GBP7 billion offer from rival bidder Clayton, Dubilier & Rice.
Fortress on Friday asked Morrisons shareholders to take no action on the new CD&R bid, saying it is "considering its options" with respect to the all-cash offer it made at the start of July and increased at the start of August. It said it will make a further announcement "in due course".