American investors are trying to buy a UK supermarket. Here's why

223
40
Favorite

American investors are trying to buy a UK supermarket. Here's why

cnn2021-06-22

London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

223

Report

Comment（40）

k1wong
·2021-06-22
Oh!
Reply
Like
Report
cheffun
·2021-06-22
Yes
Reply
Like
Report
LeeWan
·2021-06-22
Comment down below thanks
Reply
3
Report
Fold Replies
- vSup_puSv:
  Done
  2021-06-22
  Reply
  Report
SayurFC
·2021-06-22
handsome. Go go go
Reply
Like
Report
TSLAtothemoon
·2021-06-22
Like and comment pls
Reply
Like
Report
Fold Replies
- LeeWan:
  Reply pls
  2021-06-22
  Reply
  Report
abp
·2021-06-22
Please like and comment
Reply
3
Report
Fold Replies
- LeeWan:
  Reply pls
  2021-06-22
  Reply
  Report
Machao83
·2021-06-22
Bravo
Reply
Like
Report
JH_LIM
·2021-06-22
[得意]
Reply
Like
Report
Fold Replies
- chickbelly:
  ??
  2021-06-22
  Reply
  Report
CaptainMiya
·2021-06-22
Can anyone send me a “T” please [Pitiful] [Pitiful]
Reply
2
Report
BBBBBBBBBB
·2021-06-22
Like n comment
Reply
5
Report
Fold Replies
- joeyong:
  reply pls
  2021-06-22
  Reply
  Report
- Earthboii:
  like and comnent
  2021-06-22
  Reply
  Report
areyoujerry
·2021-06-22
Oooo
Reply
3
Report
nou
·2021-06-22
a
Reply
8
Report
Fold Replies
- siowthing:
  haha
  2021-06-22
  Reply
  Report
KopiLim
·2021-06-22
For like
Reply
6
Report
ZeroExcel
·2021-06-22
Wow
Reply
6
Report
Jackson12572
·2021-06-22
Wow
Reply
3
Report
Kachuaeric
·2021-06-22
Latest
Reply
3
Report
Xuanlx
·2021-06-22
Omg
Reply
1
Report
njkk
·2021-06-22
Like the comment thanks!
Reply
4
Report
Fold Replies
- nou:
  a
  2021-06-22
  Reply
  Report
Henguru
·2021-06-22
Nice
Reply
2
Report
Fold Replies
- Ray88888888:
  Omg
  2021-06-23
  Reply
  Report
justinyap
·2021-06-22
Wau nice
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1116834236?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-22 11:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1116834236","market":"us","top_or_hot":-1,"title":"American investors are trying to buy a UK supermarket. Here's why","media":"cnn","content":"<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MRWSY","symbol_name":"WM Morrison Supermarkets Plc.","start_time":0,"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","article_id":"1116834236","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","pubTimestamp":1624333365,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"translate_title":"美国投资者正试图收购一家英国超市。原因如下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRWSY":0.9},"content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":129069271,"gmtCreate":1624344850193,"gmtModify":1703834033448,"author":{"id":"3574996050082067","authorId":"3574996050082067","name":"k1wong","avatar":"https://community-static.tradeup.com/news/677b37ef7f68f9ac2e51ca5f6ad6ef5e","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3574996050082067","authorIdStr":"3574996050082067"},"htmlText":"Oh!","listText":"Oh!","text":"Oh!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129069271","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129016843,"gmtCreate":1624343437982,"gmtModify":1703834010115,"author":{"id":"3580191066548921","authorId":"3580191066548921","name":"cheffun","avatar":"https://static.tigerbbs.com/cb0e87ae08a9b655394a52fdf5baa187","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3580191066548921","authorIdStr":"3580191066548921"},"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129016843","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129034580,"gmtCreate":1624342859040,"gmtModify":1703834000660,"author":{"id":"3558097748623340","authorId":"3558097748623340","name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3558097748623340","authorIdStr":"3558097748623340"},"htmlText":"Comment down below thanks&nbsp;","listText":"Comment down below thanks&nbsp;","text":"Comment down below thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129034580","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4957719,"gmtCreate":1624372836174,"gmtModify":1635251734441,"authorId":3581550492242446,"author":{"id":3581550492242446,"idStr":"3581550492242446","authorId":3581550492242446,"name":"vSup_puSv","avatar":"https://static.tigerbbs.com/a1150421a148787160d999c5a94bed8e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129034580,"type":1,"supId":0,"prevId":0,"content":"Done ","text":"Done ","html":"Done "}],"langContent":"EN"},{"id":129094805,"gmtCreate":1624342016607,"gmtModify":1703833986234,"author":{"id":"3581805707626237","authorId":"3581805707626237","name":"SayurFC","avatar":"https://static.tigerbbs.com/21d2710c70e93ecc0a7d9cc9ffef234f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581805707626237","authorIdStr":"3581805707626237"},"htmlText":"handsome. Go go go","listText":"handsome. Go go go","text":"handsome. Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129094805","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129002139,"gmtCreate":1624341134921,"gmtModify":1703833968706,"author":{"id":"3581496657430027","authorId":"3581496657430027","name":"TSLAtothemoon","avatar":"https://static.tigerbbs.com/b7eb252b1bc52ab7567a6f6dbc62f92e","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":8,"crmLevelSwitch":1,"idStr":"3581496657430027","authorIdStr":"3581496657430027"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129002139","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4951365,"gmtCreate":1624342872047,"gmtModify":1663229698426,"authorId":3558097748623340,"author":{"id":3558097748623340,"idStr":"3558097748623340","authorId":3558097748623340,"name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129002139,"type":1,"supId":0,"prevId":0,"content":"Reply pls","text":"Reply pls","html":"Reply pls"}],"langContent":"EN"},{"id":129006161,"gmtCreate":1624341082953,"gmtModify":1703833967407,"author":{"id":"3581979721991802","authorId":"3581979721991802","name":"abp","avatar":"https://static.tigerbbs.com/f0c0424f61209387c56148e921c507f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581979721991802","authorIdStr":"3581979721991802"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129006161","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4951366,"gmtCreate":1624342878291,"gmtModify":1663229698435,"authorId":3558097748623340,"author":{"id":3558097748623340,"idStr":"3558097748623340","authorId":3558097748623340,"name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129006161,"type":1,"supId":0,"prevId":0,"content":"Reply pls ","text":"Reply pls ","html":"Reply pls "}],"langContent":"EN"},{"id":129003036,"gmtCreate":1624340941425,"gmtModify":1703833962213,"author":{"id":"3570339145075215","authorId":"3570339145075215","name":"Machao83","avatar":"https://static.tigerbbs.com/2f6305657c8fa2b104857055d1a95f48","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":1,"idStr":"3570339145075215","authorIdStr":"3570339145075215"},"htmlText":"Bravo","listText":"Bravo","text":"Bravo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129003036","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120744572,"gmtCreate":1624340058296,"gmtModify":1703833943471,"author":{"id":"3569293220149290","authorId":"3569293220149290","name":"JH_LIM","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569293220149290","authorIdStr":"3569293220149290"},"htmlText":"[得意]&nbsp;","listText":"[得意]&nbsp;","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120744572","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4950927,"gmtCreate":1624340475628,"gmtModify":1663229696130,"authorId":3581996343908589,"author":{"id":3581996343908589,"idStr":"3581996343908589","authorId":3581996343908589,"name":"chickbelly","avatar":"https://static.tigerbbs.com/80c58781e18d006956ec0716a17b0fe6","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120744572,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"CN"},{"id":120756301,"gmtCreate":1624339163803,"gmtModify":1703833924340,"author":{"id":"3583738006388208","authorId":"3583738006388208","name":"CaptainMiya","avatar":"https://static.tigerbbs.com/48b66794427d9d57f06bb85d96e46757","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583738006388208","authorIdStr":"3583738006388208"},"htmlText":"Can anyone send me a “T” please [Pitiful]&nbsp;[Pitiful]&nbsp;","listText":"Can anyone send me a “T” please [Pitiful]&nbsp;[Pitiful]&nbsp;","text":"Can anyone send me a “T” please [Pitiful] [Pitiful]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120756301","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120726661,"gmtCreate":1624338611153,"gmtModify":1703833909294,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581562365927542","authorIdStr":"3581562365927542"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/120726661","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4950626,"gmtCreate":1624338916605,"gmtModify":1663229696434,"authorId":3577335802381292,"author":{"id":3577335802381292,"idStr":"3577335802381292","authorId":3577335802381292,"name":"joeyong","avatar":"https://static.tigerbbs.com/966871dcabda9a3a4a0d39efe600dd1c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120726661,"type":1,"supId":0,"prevId":0,"content":"reply pls","text":"reply pls","html":"reply pls"},{"id":4950677,"gmtCreate":1624339284018,"gmtModify":1663229695636,"authorId":3579176504922766,"author":{"id":3579176504922766,"idStr":"3579176504922766","authorId":3579176504922766,"name":"Earthboii","avatar":"https://static.tigerbbs.com/220705ec8b1493ac8654f6c555727a1d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120726661,"type":1,"supId":4950626,"prevId":0,"content":"like and comnent","text":"like and comnent","html":"like and comnent"}],"langContent":"EN"},{"id":120764508,"gmtCreate":1624338236104,"gmtModify":1703833900881,"author":{"id":"3583324380028738","authorId":"3583324380028738","name":"areyoujerry","avatar":"https://static.tigerbbs.com/221121135e2a4e6fdfe475e569c955f0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583324380028738","authorIdStr":"3583324380028738"},"htmlText":"Oooo","listText":"Oooo","text":"Oooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120764508","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120764352,"gmtCreate":1624338195376,"gmtModify":1703833902334,"author":{"id":"3575429264791401","authorId":"3575429264791401","name":"nou","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575429264791401","authorIdStr":"3575429264791401"},"htmlText":"a","listText":"a","text":"a","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120764352","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4950635,"gmtCreate":1624338974253,"gmtModify":1663229696141,"authorId":3569986866622229,"author":{"id":3569986866622229,"idStr":"3569986866622229","authorId":3569986866622229,"name":"siowthing","avatar":"https://static.tigerbbs.com/8107ee6f14735fa1f43f4387de9461ec","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120764352,"type":1,"supId":0,"prevId":0,"content":"<u>haha</u>","text":"<u>haha</u>","html":"<u>haha</u>"}],"langContent":"EN"},{"id":120764903,"gmtCreate":1624338190902,"gmtModify":1703833899591,"author":{"id":"3562886608344748","authorId":"3562886608344748","name":"KopiLim","avatar":"https://static.tigerbbs.com/04fcef53a2e715c173a40fafa14a7fe6","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3562886608344748","authorIdStr":"3562886608344748"},"htmlText":"For like","listText":"For like","text":"For like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120764903","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120764051,"gmtCreate":1624338189573,"gmtModify":1703833899753,"author":{"id":"3555203564605155","authorId":"3555203564605155","name":"ZeroExcel","avatar":"https://static.tigerbbs.com/1a8be8e53d95dbaa3edaf7f261fb1246","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555203564605155","authorIdStr":"3555203564605155"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120764051","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120768447,"gmtCreate":1624338027589,"gmtModify":1703833895385,"author":{"id":"3578948104264469","authorId":"3578948104264469","name":"Jackson12572","avatar":"https://static.tigerbbs.com/79b127a2ab579717925a7211f897a670","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578948104264469","authorIdStr":"3578948104264469"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120768447","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120768060,"gmtCreate":1624338009950,"gmtModify":1703833894255,"author":{"id":"3569221995182291","authorId":"3569221995182291","name":"Kachuaeric","avatar":"https://static.tigerbbs.com/6fda9231424fc5253c10756b786e60ca","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569221995182291","authorIdStr":"3569221995182291"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120768060","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120761775,"gmtCreate":1624338009097,"gmtModify":1703833896356,"author":{"id":"3575538899414489","authorId":"3575538899414489","name":"Xuanlx","avatar":"https://static.tigerbbs.com/40e89b303dfec9b3b8b7fe4fc517cff5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575538899414489","authorIdStr":"3575538899414489"},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120761775","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":120761919,"gmtCreate":1624337993231,"gmtModify":1703833893125,"author":{"id":"3575950181915531","authorId":"3575950181915531","name":"njkk","avatar":"https://static.tigerbbs.com/6382201e8e84ccd3f8e89b9a28e74607","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575950181915531","authorIdStr":"3575950181915531"},"htmlText":"Like the comment thanks!&nbsp;","listText":"Like the comment thanks!&nbsp;","text":"Like the comment thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120761919","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4950490,"gmtCreate":1624338212649,"gmtModify":1663229695538,"authorId":3575429264791401,"author":{"id":3575429264791401,"idStr":"3575429264791401","authorId":3575429264791401,"name":"nou","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120761919,"type":1,"supId":0,"prevId":0,"content":"<u>a</u>","text":"<u>a</u>","html":"<u>a</u>"}],"langContent":"EN"},{"id":120760967,"gmtCreate":1624337830059,"gmtModify":1703833888268,"author":{"id":"3574984776649901","authorId":"3574984776649901","name":"Henguru","avatar":"https://static.tigerbbs.com/0c8ff792ba806e41257f86794576430f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574984776649901","authorIdStr":"3574984776649901"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120760967","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4963439,"gmtCreate":1624405109484,"gmtModify":1663229758233,"authorId":3553208218806102,"author":{"id":3553208218806102,"idStr":"3553208218806102","authorId":3553208218806102,"name":"Ray88888888","avatar":"https://static.tigerbbs.com/7d3d7a5ae7a1f05250d09e4dd309326b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":120760967,"type":1,"supId":0,"prevId":0,"content":"Omg","text":"Omg","html":"Omg"}],"langContent":"EN"},{"id":120787288,"gmtCreate":1624337816144,"gmtModify":1703833889885,"author":{"id":"3581545013503420","authorId":"3581545013503420","name":"justinyap","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581545013503420","authorIdStr":"3581545013503420"},"htmlText":"Wau nice","listText":"Wau nice","text":"Wau nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120787288","repostId":1116834236,"repostType":4,"repost":{"id":"1116834236","kind":"news","pubTimestamp":1624333365,"share":"https://ttm.financial/m/news/1116834236?lang=&edition=fundamental","pubTime":"2021-06-22 11:42","market":"us","language":"en","title":"American investors are trying to buy a UK supermarket. Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1116834236","media":"cnn","summary":"London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30  per share in cash for the grocery retailer. That's a 29% premium to Morrisons'  closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co","content":"<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.</p>\n<p>Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier &amp; Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).</p>\n<p>Shares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks &amp; Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.</p>\n<p>Morrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier &amp; Rice now has until July 17 to make a firm offer.</p>\n<p>The move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.</p>\n<p>In October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.</p>\n<p>Analysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.</p>\n<p>\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.</p>\n<p>Sainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.</p>\n<p>Tesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"</p>\n<p>\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.</p>\n<p>Both leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.</p>\n<p>This could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.</p>\n<p>The online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.</p>\n<p>But the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier &amp; Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.</p>\n<p>With a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.</p>\n<p>Returning to favor?</p>\n<p>Investor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.</p>\n<p>The average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.</p>\n<p>\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.</p>\n<p>UK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.</p>\n<p>They may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.</p>\n<p>The FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&amp;P 500 (SPX).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American investors are trying to buy a UK supermarket. Here's why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican investors are trying to buy a UK supermarket. Here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRWSY":"WM Morrison Supermarkets Plc."},"source_url":"https://edition.cnn.com/2021/06/21/investing/morrisons-takeover-approach/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116834236","content_text":"London (CNN Business)Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.\nMorrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of £2.30 ($3.19) per share in cash for the grocery retailer. That's a 29% premium to Morrisons' (MRWSF) closing price on Friday, giving it a market value of around £5.5 billion ($7.6 billion).\nShares in the company surged more than 30% in London on Monday, taking the share price above the takeover offer and lifting other stocks in the sector. Sainsbury's (JSNSF) and Ocado (OCDDY) climbed over 4%, with Marks & Spencer (MAKSY) rising nearly 3% and Tesco (TSCDF) up more than 1%.\nMorrisons rejected the proposal in its statement on Saturday, saying that it \"significantly undervalued\" the company and its future prospects. Clayton, Dubilier & Rice now has until July 17 to make a firm offer.\nThe move comes amid heightened investor activity in UK retail and a spate of takeover bids for British companies, undervalued for years because of poor returns linked to drab growth and a weak pound following the Brexit referendum of 2016.\nIn October, Walmart (WMT) sold supermarket chain Asda to European private equity group TDR Capital and the founders of a global convenience store business. Separately, Czech billionaire Daniel Kretinsky recently increased his stake in Sainsbury's to 10%, adding to speculation that it could be the next takeover target.\nAnalysts are speculating that Tesco, Britain's biggest supermarket chain, might also attract a buyer.\n\"The volume of liquidity, reflecting monetary policy, and the uptake of capital by family offices, high net worth investors and private equity, means that even Tesco, with its £18 billion ($25 billion) market capitalization, is not too big to be subject to an offer,\" Clive Black, head of research at Shore Capital said in a note on Monday.\nSainsbury's and Tesco, which benefited from a surge in demand during lockdowns, are now poised to benefit from a strong economic recovery in Britain following the pandemic. Analysts say shoppers are likely to continue eating more meals at home even with restaurants reopening, particularly as many offices remain closed.\nTesco CEO Ken Murphy told analysts on a call on Friday that online demand has been \"incredibly resilient even with the easing of restrictions.\"\n\"We expect sales to remain well above pre Covid-19 level through the remainder of the year,\" he added.\nBoth leading retailers have also managed to keep costs under control, are generating large amounts of cash and have narrowed price gaps with German discounters Aldi and Lidl, according to Shore Capital's Black.\nThis could make them prime targets for the likes of Amazon (AMZN), he added. \"The Asda bid and the Kretinsky investment means that the topic of Amazon's plans will also be one of ongoing discussion around Sainsbury and Tesco,\" Black said.\nThe online retailer, which has been expanding its grocery offering since buying Whole Foods in 2017, already has a close relationship with Morrisons, which supplies its Prime and Pantry customers in the United Kingdom with dry, fresh and frozen products.\nBut the market is not betting on a rival bid from Amazon. \"There is no indication in the [Morrisons] share price today that Amazon will come in and outbid Clayton, Dubilier & Rice,\" said Russ Mould, investment director at stockbroker AJ Bell.\nWith a languishing share price and over £7 billion ($9.7 billion) in assets, including a real estate portfolio worth more than the company's market value, Morrisons \"ticks a lot of private equity boxes,\" he told CNN Business.\nReturning to favor?\nInvestor interest in UK assets extends beyond grocers. There have been over 50 bids for UK-listed companies in the last eight months, only six of which have since been abandoned, according to Mould.\nThe average premium offered has been 34%, indicating that many of these companies may be undervalued by the market following years of weak shareholder returns. Over the last 12 months, there have been 95 announced offers for UK-listed companies with a combined value of $107 billion, according to Dealogic data.\n\"The UK has consistently underperformed on the global stage since June 2016's Brexit vote and sterling has failed to regain the levels at which it traded before Britain decide to leave the EU,\" Mould said in a recent note. \"That rotten effort may mean that UK stocks are unloved and therefore potentially undervalued,\" he added.\nUK and European stock market indexes stand to benefit from the post-pandemic recovery, given the high representation of companies such as automakers and banks that perform well when the economy is on the upswing.\nThey may also offer better value for investors following much more robust gains in US indexes over the past decade, when European markets have been held back by a dearth of tech companies and lackluster economic growth in the region.\nThe FTSE 100 (UKX) has climbed just 26% over the past decade, while Europe's STOXX 600 (SXXL) is up 85%. That compares with a gain of more than 230% for the S&P 500 (SPX).","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":223,"commentSize":40,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}