Morrisons warns HGV crisis will raise prices
The supermarket chain said that they were expecting “some industry-wide retail price inflation” during the second half of the year, driven by factors including the current shortage of HGV drivers.
Morrisons in talks to begin takeover auction process
The supermarket chain has announced it is engaging with both suitors and the takeover regulator to resolve “this competitive situation.”
Morrisons accepts new £7bn takeover bid from CD&R
The supermarket chain’s board has backed a new £7 billion offer from US private equity firm Clayton Dubilier & Rice, after turning down the company’s original £5.5 billion bid in June.
Morrisons accepts raised bid from Fortress ahead of rival buyer’s deadline
The supermarket chain’s board has agreed to back a new takeover deal that values Morrisons’ equity at £6.7 billion, an increase on Fortress’s original £6.3 billion offer.
Morrisons accepts £6.3 billion takeover offer
Supermarket chain Morrisons has accepted a cash offer of £6.3 billion from a US investment group, however, a rival bidder is considering making an offer.
