Morrisons takeover battle sends stock soaring

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Morrisons takeover battle sends stock soaring

yahoo finance2021-07-05

A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray. Morrisons' stock climbed over 11% at the open in London as...

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Natdns
·2021-07-06
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GodSpeed
·2021-07-06
Pls like
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Yaolong
·2021-07-06
Like & comment . Thank
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3
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- nigel_tannn:
  sure
  2021-07-06
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- 小金钱袋:
  good
  2021-07-06
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cfong
·2021-07-06
Wow
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Jennifer58
·2021-07-05
Yeah
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- Investigater:
  Yup
  2021-07-05
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plasticbag
·2021-07-05
Ok
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HENGJR
·2021-07-05
hep like and comment pls
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- sega:
  like
  2021-07-06
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- plasticbag:
  ok
  2021-07-05
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WayneLeeYOLO
·2021-07-05
Letsgooooooooo
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- HENGJR:
  ty
  2021-07-05
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pongpongmong
·2021-07-05
Okay good read
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Winyss10
·2021-07-05
2 minutes ago
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e13v3n
·2021-07-05
pls like
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- stonker:
  Like
  2021-07-05
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KS_Lee
·2021-07-05
Food for thought.Will such similar takeover spill over to the US market? Since there is now 2 such cases in UK, one already concluded.
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seshadka
·2021-07-05
Like pls
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- e13v3n:
  done
  2021-07-05
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Windfall10
·2021-07-05
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- e13v3n:
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Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":154670694,"gmtCreate":1625528018918,"gmtModify":1703742934205,"author":{"id":"3576319038001885","authorId":"3576319038001885","name":"Natdns","avatar":"https://static.tigerbbs.com/be6cb184b10d5e613602b38d396409cf","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154670694","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154647302,"gmtCreate":1625527969706,"gmtModify":1703742931406,"author":{"id":"3555741898245131","authorId":"3555741898245131","name":"GodSpeed","avatar":"https://static.tigerbbs.com/ee5f7232b69fab8a90a42644f3305575","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154647302","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154662703,"gmtCreate":1625525976402,"gmtModify":1703742888141,"author":{"id":"4088106994951330","authorId":"4088106994951330","name":"Yaolong","avatar":"https://static.itradeup.com/news/4bacf798840a73a0662be845b3d14813","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like &amp; comment . Thank","listText":"Like &amp; comment . Thank","text":"Like & comment . Thank","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/154662703","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5130459,"gmtCreate":1625527223893,"gmtModify":1663230566144,"authorId":3582005114833060,"author":{"id":3582005114833060,"authorId":3582005114833060,"name":"nigel_tannn","avatar":"https://static.tigerbbs.com/a4e3cf1c6984d3604c991eb10f6f633d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154662703,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"},{"id":5130783,"gmtCreate":1625528767057,"gmtModify":1663230562443,"authorId":4088114426953000,"author":{"id":4088114426953000,"authorId":4088114426953000,"name":"小金钱袋","avatar":"https://static.tigerbbs.com/fcfe810767ab9edba4fd3048d353a712","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.30","exceedPercentage":"60.65%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154662703,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"}],"langContent":"EN"},{"id":154668509,"gmtCreate":1625525831101,"gmtModify":1703742885705,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","vip":1,"crmLevel":1,"crmLevelSwitch":0},"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/154668509","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154835298,"gmtCreate":1625495910314,"gmtModify":1703742708824,"author":{"id":"3577529300728738","authorId":"3577529300728738","name":"Jennifer58","avatar":"https://static.tigerbbs.com/9a014efda004b6cc112e5d7968adf52f","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154835298","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5129094,"gmtCreate":1625495927934,"gmtModify":1663230556935,"authorId":3571011001777364,"author":{"id":3571011001777364,"authorId":3571011001777364,"name":"Investigater","avatar":"https://static.tigerbbs.com/6cc9755a32715757af2686d3467dc2be","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154835298,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":154142255,"gmtCreate":1625492481077,"gmtModify":1703742651035,"author":{"id":"3585042599146244","authorId":"3585042599146244","name":"plasticbag","avatar":"https://static.tigerbbs.com/75759bfc97d94798a8f93df583a58523","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154142255","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154158558,"gmtCreate":1625491942174,"gmtModify":1703742634462,"author":{"id":"3578460931764306","authorId":"3578460931764306","name":"HENGJR","avatar":"https://static.tigerbbs.com/0596e746d9a22ec6462910c02c3129ce","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"hep like and comment pls","listText":"hep like and comment pls","text":"hep like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/154158558","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5130124,"gmtCreate":1625524800135,"gmtModify":1663230559250,"authorId":3575161996739108,"author":{"id":3575161996739108,"authorId":3575161996739108,"name":"sega","avatar":"https://static.tigerbbs.com/4f2b00f4df6434351b6947e1ed72a286","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154158558,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"},{"id":5128741,"gmtCreate":1625492487047,"gmtModify":1635236687876,"authorId":3585042599146244,"author":{"id":3585042599146244,"authorId":3585042599146244,"name":"plasticbag","avatar":"https://static.tigerbbs.com/75759bfc97d94798a8f93df583a58523","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154158558,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":154192690,"gmtCreate":1625487288810,"gmtModify":1703742550426,"author":{"id":"3575710255117321","authorId":"3575710255117321","name":"WayneLeeYOLO","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Letsgooooooooo","listText":"Letsgooooooooo","text":"Letsgooooooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154192690","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5128673,"gmtCreate":1625491952490,"gmtModify":1663230553137,"authorId":3578460931764306,"author":{"id":3578460931764306,"authorId":3578460931764306,"name":"HENGJR","avatar":"https://static.tigerbbs.com/0596e746d9a22ec6462910c02c3129ce","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154192690,"type":1,"supId":0,"prevId":0,"content":"ty","text":"ty","html":"ty"}],"langContent":"EN"},{"id":154107479,"gmtCreate":1625486522291,"gmtModify":1703742541932,"author":{"id":"4088407552166930","authorId":"4088407552166930","name":"pongpongmong","avatar":"https://static.tigerbbs.com/9b40e316b0acb20ed2d5575125264d05","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Okay good read&nbsp;","listText":"Okay good read&nbsp;","text":"Okay good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154107479","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154378389,"gmtCreate":1625485004341,"gmtModify":1703742517005,"author":{"id":"3576987369058453","authorId":"3576987369058453","name":"Winyss10","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"2 minutes ago","listText":"2 minutes ago","text":"2 minutes ago","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154378389","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154350741,"gmtCreate":1625483113983,"gmtModify":1703742482858,"author":{"id":"3565819252889467","authorId":"3565819252889467","name":"e13v3n","avatar":"https://static.tigerbbs.com/387ab24895655e32d7ddaf87ded7da37","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154350741","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5127784,"gmtCreate":1625483658759,"gmtModify":1663230554427,"authorId":3574899797175889,"author":{"id":3574899797175889,"authorId":3574899797175889,"name":"stonker","avatar":"https://static.tigerbbs.com/bed6c0d56fcf5940d74693ce8e03a8b2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154350741,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"}],"langContent":"EN"},{"id":154325577,"gmtCreate":1625482823099,"gmtModify":1703742478399,"author":{"id":"3579578865458065","authorId":"3579578865458065","name":"KS_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Food for thought.Will such similar takeover spill over to the US market? Since there is now 2 such cases in UK, one already concluded.&nbsp;","listText":"Food for thought.Will such similar takeover spill over to the US market? Since there is now 2 such cases in UK, one already concluded.&nbsp;","text":"Food for thought.Will such similar takeover spill over to the US market? Since there is now 2 such cases in UK, one already concluded.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154325577","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154325380,"gmtCreate":1625482782240,"gmtModify":1703742477074,"author":{"id":"3583585227182757","authorId":"3583585227182757","name":"seshadka","avatar":"https://static.tigerbbs.com/acc14895ee1dbfd08e1d65ef11e1552f","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154325380","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5127738,"gmtCreate":1625483122769,"gmtModify":1663230551649,"authorId":3565819252889467,"author":{"id":3565819252889467,"authorId":3565819252889467,"name":"e13v3n","avatar":"https://static.tigerbbs.com/387ab24895655e32d7ddaf87ded7da37","vip":1,"currentWearingBadge":{"badgeId":"29815c1501c442c58b708482689df577-1","templateUuid":"29815c1501c442c58b708482689df577","name":"Emerging Contributor","description":"Contributors who received Editor's Pick for the 1st time","bigImgUrl":"https://static.tigerbbs.com/4ce9180a952c61a51c39f70d533b81a7","smallImgUrl":"https://static.tigerbbs.com/f98cf16cf4b858114f7ab9a779f9e6f1","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.12","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2005},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154325380,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":154322232,"gmtCreate":1625482698426,"gmtModify":1703742476086,"author":{"id":"3581834933175279","authorId":"3581834933175279","name":"Windfall10","avatar":"https://static.tigerbbs.com/ff7812fc4f6d030648888d978fc206d1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154322232","repostId":1124759386,"repostType":4,"repost":{"id":"1124759386","pubTimestamp":1625482105,"share":"https://www.laohu8.com/m/news/1124759386?lang=&edition=full","pubTime":"2021-07-05 18:48","market":"us","language":"en","title":"Morrisons takeover battle sends stock soaring","url":"https://stock-news.laohu8.com/highlight/detail?id=1124759386","media":"yahoo finance","summary":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monda","content":"<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.</p>\n<p>Morrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.<img src=\"https://static.tigerbbs.com/c7de296b0e95755796ca7af4a74f6c1d\" tg-width=\"984\" tg-height=\"420\" referrerpolicy=\"no-referrer\">Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK</p>\n<p>Morrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier &amp; Rice.</p>\n<p>On Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".</p>\n<p>Shares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.</p>\n<p>\"<a href=\"https://laohu8.com/S/JE\">Just</a> because Morrison directors have irrevocably committed to vote in favour of the proposal, this does<i>not</i>commit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"</p>\n<p>Morrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.</p>\n<p>\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said <a href=\"https://laohu8.com/S/ROST\">Ross</a> Hindle, an analyst at Third <a href=\"https://laohu8.com/S/BDGE\">Bridge</a>. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"</p>\n<p>Morrisons first attracted takeover interest last month when private equity group CD&amp;R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.</p>\n<p>\"Initial bidders Clayton, Dubilier &amp; Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.</p>\n<p>CD&amp;R and any other rival bidders have until 17 July to table any counter offers.</p>\n<p>The flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.</p>\n<p>\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"</p>\n<p><i>Disclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners <a href=\"https://laohu8.com/S/VZA\">Verizon</a>. The deal has yet to close.</i></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>Morrisons takeover battle sends stock soaring</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\">\nMorrisons takeover battle sends stock soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 18:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html><strong>yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as...</p>\n\n<a href=\"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/morrisons-takeover-apollo-global-management-fortress-investments-cdr-london-stock-market-074243175.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124759386","content_text":"A takeover battle for Morrisons (MRW.L) sent the UK supermarket group's stock price soaring on Monday after two new bidders entered the fray.\nMorrisons' stock climbed over 11% at the open in London as investors digested news of an agreed offer from Fortress Investment Group and a possible bid from Apollo Global Management.Morrisons' share price surged on news of the Fortress bid and Apollo interest. Photo: Yahoo Finance UK\nMorrisons announced on Saturday it hadagreed a £6.3bn ($8.7bn) takeover by a consortium led by SoftBank-backed Fortress Investment Group. The agreement follows an earlierrebuffed offer from rival private equity house Clayton, Dubilier & Rice.\nOn Monday, Apollo Global Management (APO) — a third private equity group — said it was considering bidding for Morrisons. In a brief statement, the group said it was \"in the preliminary stages of evaluating a possible offer\".\nShares in Morrisons shot higher to reach 267p on Monday morning — well above the 254p-a-share bid announced by Fortress on Saturday. The premium suggests traders believe a bidding war could yet force the takeover price higher.\n\"Just because Morrison directors have irrevocably committed to vote in favour of the proposal, this doesnotcommit other shareholders to doing the same – so this agreed offer is not necessarily the end of the saga,\" Barclays analyst James Anstead wrote in a note on Monday. \"There is nothing stopping other potential bidders from getting involved.\"\nMorrisons is the UK's fourth largest supermarket and works as a supplier for Amazon's (AMZN) Prime and Fresh offerings in the UK. Morrisons is seen as an attractive acquisition target because it owns a large amount of property in the UK.\n\"Morrisons the most likely candidate of an acquisition given they own more than 80% of their stores which Fortress can borrow against,\" said Ross Hindle, an analyst at Third Bridge. \"Fortress has said they do not anticipate any material sale and lease back of stores but we will have to wait and see on this.\"\nMorrisons first attracted takeover interest last month when private equity group CD&R made a £5.5bn bid for the business. The supermarket's board rejected the offer, arguing it undervalued the business.\n\"Initial bidders Clayton, Dubilier & Rice may still come back to the tills to make a better offer,\" said Susannah Streeter, a senior investment and market analyst at Hargreaves Lansdown.\nCD&R and any other rival bidders have until 17 July to table any counter offers.\nThe flurry of interest in Morrisons is part of a surge of private equity dealmaking in the UK. A combination of Brexit and the pandemic has left the share prices of many businesses depressed, making many ripe for a takeover. Earlier this year Morrisons rival Asda wassold to a private equity-backed group for £6.8bn.\n\"A deal was always going to come, even after the failed bid by CDR,\" said Hindle. \"Morrison shares have been trading flat for the past three years and there has been no real sign of substantial or step-change growth coming.\"\nDisclosure: Apollo Global Management has agreed a deal to buy Yahoo Finance UK as part of a broader transaction with current owners Verizon. The deal has yet to close.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5127736,"gmtCreate":1625483110401,"gmtModify":1635236771546,"authorId":3565819252889467,"author":{"id":3565819252889467,"authorId":3565819252889467,"name":"e13v3n","avatar":"https://static.tigerbbs.com/387ab24895655e32d7ddaf87ded7da37","vip":1,"currentWearingBadge":{"badgeId":"29815c1501c442c58b708482689df577-1","templateUuid":"29815c1501c442c58b708482689df577","name":"Emerging Contributor","description":"Contributors who received Editor's Pick for the 1st time","bigImgUrl":"https://static.tigerbbs.com/4ce9180a952c61a51c39f70d533b81a7","smallImgUrl":"https://static.tigerbbs.com/f98cf16cf4b858114f7ab9a779f9e6f1","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.12","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2005},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":154322232,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":87,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}