9th Aug 2021 12:05
Wm Morrison Supermarkets PLC - Bradford-based grocer - Deadline for Clayton, Dubilier & Rice LLC to make a firm takeover offer or walk away is extended to August 20 from Tuesday. That's after CD&R asked for more time to evaluate its options. Morrisons adjourned the shareholder meetings to approve the rival offer from a consortium led by Fortress Investment Group LLC to August 27. Morrisons rejected CD&R's 230 pence per share potential offer on July 20, before accepting a 254p-per-share offer from Fortress. That was later increased to 272p per share, valuing Morrisons at GBP6.7 billion.
Current stock price: 279.00p
Year-to-date change: up 57%
By Ivan Edwards; [email protected]
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