RE: Interim results12 Sep 2019 09:21
UK's Morrisons says talk of firm as takeover target "pure speculation"
Thu, 12th Sep 2019 08:14Thomson Reuters
LONDON, Sept 12 (Reuters) - Talk that Morrisons, Britain's No. 4 grocer, could be subject to a takeover bid is "pure speculation", its chief executive David Potts said on Thursday.
Industry analysts have suggested that Morrisons could be a candidate for a potential takeover, possibly from an overseas private equity firm, given the weakness of the pound making deals cheaper and the group's 27% share price fall over the last year. (Reporting by James Davey; Editing by Alistair Smout)