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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
  1.10 0.38% 292.20 292.00 292.20 292.80 291.40 291.40 6,221,069 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 17,598.0 165.0 4.0 73.2 7,041

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9651 to 9670 of 9900 messages
Chat Pages: 396  395  394  393  392  391  390  389  388  387  386  385  Older
DateSubjectAuthorDiscuss
12/7/2021
13:57
Anyone have the august date that CD&R must state their intentions by now that the 17th july date has been extended ?
philanderer
12/7/2021
13:41
Most articles/releases are copy/paste jobbies.Doesn't take much to seed disinformation and propagate a narrative.All part of the expectation management exercise.
tygwyg
12/7/2021
09:09
Unexpectedly strong open.
hades1
12/7/2021
08:05
Our 3xx shares are in demand.
tygwyg
10/7/2021
20:58
Morrisons tries to soothe farmers’ fears over takeover Morrisons boss David Potts has told farmers commitments by its US buyer “carry genuine weight” Morrisons is under mounting pressure to extract legally binding commitments from the US consortium behind a £9.5bn takeover that it will not damage the legacy of the supermarket’s founding family. https://www.telegraph.co.uk/business/2021/07/10/morrisons-tries-soothe-farmers-fears-takeover/
philanderer
10/7/2021
13:29
Morries Chairman, CEO and CFO are former Tesco colleagues of Tony Hoggett. I wonder if they are mates.
nerdlinger
10/7/2021
11:09
Or buy Tesco instead given the size of Amazon. From Phil's post above: Amazon has appointed Tony Hoggett, a veteran of British supermarket chain Tesco, to run its physical stores, the U.S. group said on Friday. Another one for the Tsco BB ;)
bountyhunter
10/7/2021
10:55
Amazon can always make their move after Morrisons have gone private.
chinese investor
10/7/2021
00:17
CD&R Weighs Fresh Pledges to Stay in $9 Billion Morrison Race Clayton Dubilier & Rice is pushing ahead with its pursuit of British grocery chain Wm Morrison Supermarkets Plc, as it seeks to beat an agreed 6.3 billion-pound ($8.7 billion) bid from Fortress Investment Group, people with knowledge of the matter said. Morrison has granted CD&R access to confidential information as it works on an improved offer, the people said, asking not to be identified because the information is private. In addition to a potential increase in its bid, the buyout firm is considering what additional commitments it can make to win over Morrison’s board, the people said. CD&R has plenty of time to consider its options, as the deadline for it to submit a new offer isn’t until early August, the people said. The private equity firm is unlikely to rush into submitting a fresh bid, as there’s little advantage in showing its cards early. As CD&R seeks to trump Fortress, it also has to worry about a potential rival offer from Apollo Global Management Inc., which said July 5 it’s studying a bid. Morrison Chief Executive Officer David Potts is planning to meet U.K. Business Secretary Kwasi Kwarteng on July 16 to discuss the potential takeover, according to the people. Deliberations are ongoing, and there’s no certainty CD&R will proceed with a fresh bid, the people said. Representatives for CD&R and Morrison declined to comment. A spokesperson for the U.K. government said overseas investors play a “major and positive role” in stimulating economic growth. “We are committed to ensuring that the U.K. remains open for business, while protecting the livelihoods of British workers,” the representative said in an emailed statement. “In most cases, it is right that mergers are treated as a commercial matter for the parties involved.” https://www.bloomberg.com/news/articles/2021-07-09/cd-r-is-said-to-weigh-fresh-commitments-to-stay-in-morrison-race
philanderer
10/7/2021
00:12
Fund manager JO Hambro sells out of Morrisons despite calling for higher bids HTTPS://www.thetimes.co.uk/article/fund-manager-jo-hambro-sells-out-of-morrisons-despite-calling-for-higher-bids-zjp3f7vdr
philanderer
09/7/2021
21:52
The current leading bid from an outfit called Fortress is 252p a share, along with a clutch of warm, fuzzy but not legally enforceable agreements to keep things just as they are; no financial engineering here, honestly. The Morrison directors, perhaps believing they are also part of Fortress’s glittering future, have rather foolishly been seduced into recommending it. Lurking in the wings is Apollo, another private equity group, which may, or may not, bid more. Perhaps they will say they love the executives even more than Fortress does, and promise to behave even better in the fields. Or perhaps they will bring the question back to earth, by simply bidding more, and propose to run the business to maximise profits. That is all on top of the tax advantages of private equity. In an era of administered interest rates, debt is dirt cheap and can be offset against corporation tax on profits, unlike equity. To make matters worse, the executives at private equity businesses routinely have a “carried interest” which is a seven-figure payday thinly disguised as a capital gain, and which attracts tax at 28 per cent rather than the 45 per cent on income. Small wonder, then, that the Morrison executives can see the broad sunlit uplands – and not necessarily on the company farms.
loganair
09/7/2021
17:16
Both bids so far have been announced over the weekend, Apollo and CD&R have been actively "market-making" via their bankers (see Form 8.5 announcements) this week so I imagine there will be a bid tomorrow. CD&R will probably wait for Apollo to go first. Yawn.
nerdlinger
09/7/2021
08:33
philanderer; it is not ministers demanding, it is a shadow minister (who is simply doing what they do regardless of party - attack ministers)and, no doubt, backbenchers. It is surprising how little government spokesmen have said, suggesting approval would be forthcoming (although I assume there would be conditions and some hoops to go through for appearance sake). Things could change rapidly if another bidder emerged offering fewer assurances and with less enthusiasm from the board. Difficult to put too many obstacles in the way when you have allowed bigger US takeovers in the past (Asda) and have been facilitating the growth of Aldi and Lidl via local councils.
wba1
08/7/2021
23:51
Ministers demand probe into £6.3bn Morrisons takeover: Fears over US buyer and the impact on UK's food supply chain https://www.dailymail.co.uk/money/markets/article-9770313/MPs-demand-Morrisons-probe-Fears-impact-UK-food-supply-chain.html
philanderer
08/7/2021
21:08
Look under the broker price forecasts at what they imply. The minimum forecast is 254, because the Fortress offer is binding. So a forecast of 254 simply means the broker does not expect a better offer (or at least does not expect a better offer which will not be rejected for reasons of commitments - or lack of them - or by politicians/regulators). A forecast of 262 just indicates an expectation of one further acceptable bid, as opposed to a bidding war. The forecasts are less to do with price and more about how the brokers see the positions of the possible bidders. I am inclined to see a takeout somewhere in the 260s. To go higher will require something akin to the scenario of Barbarians at the Gate (the book about the bidding war for Nabisco in the 80s (and in which KKR was a player). In that case the takeout price was dictated by PE machismo rather than financial calculation. It seems unlikely they could be that stupid again, but we can hope.
wba1
08/7/2021
10:13
BERNSTEIN INITIATES WM MORRISON SUPERMARKETS WITH 'MARKET-PERFORM' - TARGET 262 PENCE BARCLAYS RAISES WM MORRISON SUPERMARKETS TARGET TO 254 (190) PENCE - 'EQUAL WEIGHT'
philanderer
08/7/2021
00:53
Morrisons defends its private equity takeover amid calls for Parliament to scrutinise the £6.3bn deal Morrisons last night sought to head off political opposition to a private equity takeover of the supermarket amid calls for Parliament to scrutinise the £6.3billion deal. In a letter to government ministers and MPs in constituencies where it is a top employer, the grocer claimed that buyout firm Fortress and its backers would be ‘good stewards’ of the business. It listed undertakings the consortium has given on pay, suppliers and properties, despite questions about how binding these will actually be and for how long. https://www.dailymail.co.uk/money/markets/article-9766053/Morrisons-defends-6-3bn-private-equity-takeover.html
philanderer
07/7/2021
17:06
Brandes once again sell a chunk for a price beginning with a 3..... interesting
tygwyg
07/7/2021
16:04
100% with you on AMAZON idea, that is if they decide to get involved. I can't see Amazon changing much how the business operates. Having said that if it gets sold we the shareholders and therefore the owners will get our noses pushed out (of the trough).
pjleeds
07/7/2021
14:16
The way I see it, if you are looking to preserve the business as is, you can get away with a lower offer and will have the boards blessing as demonstrated by the accepted offer from Apollo. If you are perceived to want to load the business with debt, cut costs and asset strip you will have to pay up. Therefore, Amazon will not have to bid very much higher than the existing accepted offer to secure the business, who would staff rather sell to, a consortium saying the right things or a company like Amazon who are existing partners. If Amazon does decided to buy I expect an offer close to the accepted offer, they really don't need to pay up
kingalf
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