UK’s fourth largest supermarket operator accepts offer from Fortress Investment Group
Morrisons has agreed a takeover offer from Fortress Investment Group, which values Britain’s fourth largest supermarket operator at £6.3bn.
The offer from Fortress, which is backed by Canada Pension Plan Investment Board and Koch Real Estate Investments, exceeds the £5.52bn proposal from US private equity firm Clayton, Dubilier & Rice (CD&R), which Morrisons rejected on 19 June, saying it was far too low.
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