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MRW Morrison (wm) Supermarkets Plc

286.40
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Morrison (wm) Supermarkets Plc LSE:MRW London Ordinary Share GB0006043169 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 286.40 286.60 286.70 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9526 to 9547 of 9975 messages
Chat Pages: Latest  387  386  385  384  383  382  381  380  379  378  377  376  Older
DateSubjectAuthorDiscuss
03/7/2021
10:11
Interesting timing then re Yorkshire Post article. Jeff Bezos last day as CEO today.

[...]

cant post link to article or tinyurl for some reason, just get that square brackets elipsis.

nerdlinger
03/7/2021
10:08
Offer accepted then. £2.52 in cash per share plus 2p dividend .
regandharry5
03/7/2021
10:01
This is worth a read: ok it’s Yorkshire post this morning
[...]

It says Fortress made several offers and the 2.54 was achieved on June 4th. Maybe CDR was just a stalking horse? With this amount of time past and the board obviously so positive, maybe Amazon have already been approached and at this point are happy enough to continue to work with Morrison’s under their existing agreements ??

chef2
03/7/2021
09:45
Good place to sell ?? American chicken.?and me moo.
marl07
03/7/2021
09:43
My initial thought was why accept this offer when the likes of L&G have indicated 2.70 plus ?
My conclusion is that the offer has been accepted to flush out all the other interested parties.

Surely CD&R wouldn't just walk away now having been pipped at the post by 800 million.

This is about to get very exciting, eventual price will be in the range of £2.70 to £2.85, and if Amazon decides to join the party we'll be looking at £3.00 plus IMHO.

adrian noble
03/7/2021
09:42
Having said that the offer is not good enough, I would rather a slight loss of profit than for morrisons to be asset stripped.
pjleeds
03/7/2021
09:41
Wouldn’t surprise me if a third bidder entered the fray.....not many businesses with strong asset backing and a pension fund that has a big surplus...totally undervalued by the market and analysts......pension fund raid and asset stripping going on here.
astute person
03/7/2021
09:40
As I suspected, not a done deal yet.

Unlike William Hill, there are already two interested parties that have bid for Morrisons so share price likely to open much higher than £2.54.

Also Amazon not yet in the fray which they may join rather than lose out in subsequent supermarket trading; if so there may be blood on the walls soon!

amelia airhead
03/7/2021
09:40
Up 13 pence on an extra billion offered. Let's see Monday!
marl07
03/7/2021
09:35
Offer not good enough.
pjleeds
03/7/2021
09:23
Bid accepted with lower difference why?I am waiting for counter bid after 13th July 21 maybe surprise the market Wait and watch
dipa11
03/7/2021
09:14
Glad I wasn’t the only one to see 4m go through recently at £3.09, that would be closer to where I would expect Amazon to value it as an asset not a strip out
chef2
03/7/2021
09:08
Fifty years ago Jim left us !

Coincidence or what ?

chinese investor
03/7/2021
09:06
Now the action starts !
chinese investor
03/7/2021
09:05
Morrisons has agreed to a takeover offer from the global investment manager Fortress Investment Group, which values the British supermarket group at £6.3bn.

The bid is backed by a unit of Koch Industries and Canadian pension fund CPPIB. Under the terms of the deal, Morrisons shareholders will receive 254p a share, comprising 252p in cash and a 2p cash dividend.

Andrew Higginson, Morrisons chairman, said: “We have looked very carefully at Fortress’ approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper with over 110,000 colleagues and an important role in British food production and farming.”

He added: “It’s clear to us that Fortress has a full understanding and appreciation of the fundamental character of Morrisons.”

chinese investor
03/7/2021
08:48
Reading between the lines I wonder if the board are actually keen to sell now, perhaps due to gathering interest, but couldn't PR-wise accept a kick-off from asset-strippers. This offer is at least politically presentable.



“We have looked very carefully at Fortress’ approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper with over 110,000 colleagues and an important role in British food production and farming.”

He added: “It’s clear to us that Fortress has a full understanding and appreciation of the fundamental character of Morrisons.”

nerdlinger
03/7/2021
08:16
Not really that much higher than the previous offer 🥱
smurfy2001
03/7/2021
08:07
I have virtually no shares but given the company, market and other interest very surprised they have accepted 254
chris79
03/7/2021
07:59
Under the terms of the deal, Morrisons shareholders will receive 254 pence a share, comprising 252 pence in cash and a 2 pence cash dividend.
loganair
03/7/2021
07:58
£6.3b is too low. The board shouldn't be recommending it, probably just trying to encourage higher bids. We can still vote no.
nerdlinger
02/7/2021
04:27
Did Brandes really sell 4m+ for £3.09 ?So who thought £3.09 was a bargain ?
tygwyg
02/7/2021
00:40
MPs wade into the Morrisons takeover row, asking regulators whether they may be able to intervene
philanderer
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