Fears over Morrisons estate being sold on cheap

The Times says the shops, warehouses and factories owned by Wm Morrison could be worth almost £9 billion — double the value the supermarket chain believes they are worth, raising concerns that a buyout firm could seize the assets on the cheap.

The Bradford-based company has recommended a 254p-a-share takeover by a consortium led by Fortress, the SoftBank-owned US investment firm, while it has also attracted takeover interest from private equity firms Clayton, Dubilier & Rice and Apollo.

https://www.thetimes.co.uk/article/fears-over-morrisons-estate-being-sold-on-cheap-cll9pkm65

………………

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

Facebook – Please like our page

Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you

Instagram – Follow our pages in English and Arabic