Morrison (wm) Supermarkets Share Discussion Threads

[hades1] 21/7/2021 18:26

Doubt anything is imminent as volumes only average today.
The hedge funds have not jumped into this one with any vigour.
Reportedly they believe the risk/reward ratio is not good enough?

[tygwyg] 21/7/2021 11:25

What a ryde

[inv] 21/7/2021 07:56

new knock out bid about to come at 285p

[cwa1] 21/7/2021 07:53

From this morning's CFSB update:-

Morrison +2% Clayton Dubilier & Rice is lining up possible new bid

[nerdlinger] 20/7/2021 10:53

Apollo haven't entirely ruled out a bid, they reserve the right to bid if Fortress pull out and Morries exec allow them to bid.

[loganair] 20/7/2021 10:16

Asset manager Apollo Global Management on Tuesday said it has decided against making an offer for Wm Morrison Supermarkets PLC.

The potential for a bidding war over the supermarket chain subsided as New York-based Apollo Global Management, which had been looking at a possible proposal, said it is now in preliminary discussions with Fortress Investment Group regarding its recommended offer for the FTSE 250 grocer. Apollo has ruled out making a standalone offer.

Apollo said its latest talks “may result in funds managed or advised by Apollo forming part of the investment group led by Fortress for the purposes of the Fortress offer”.

[philanderer] 20/7/2021 10:13

Too many political hoops to jump through.

[tygwyg] 20/7/2021 10:00

Has big foot entered the data room?

[chinese investor] 20/7/2021 09:57

They can have my shares for 267p !

[pjleeds] 20/7/2021 09:19

Apollo probably think that going in with fortress is the best way to get a foot in the door to facilitate asset stripping at a later date.

[chinese investor] 20/7/2021 08:31

"Apollo confirms that it does not intend to make an offer for Morrisons other than as part of the Fortress Offer."

[ashleyjv] 20/7/2021 08:19

Some secret handshakes have taken place

[tygwyg] 20/7/2021 08:15

Fortress didn't need Apollo... or... NOW does it.

[tygwyg] 19/7/2021 16:05

Curious that Morrisons just walk out tech trial in the news... sourced from AiFi... i.e. not Amazon.Games galore.

[chinese investor] 18/7/2021 15:39

Bosses at supermarket Morrisons are close to unveiling an unmanned store that allows customers to put items straight from shelves into their bags, and walk out.

The grocery giant – which is currently at the centre of a takeover battle – has been secretly working on the plan for more than a year and is likely to launch a pilot store to the public 'within months'.

It will require customers to download an app on to their smartphone which must be scanned on entry.

Digital cameras then track where shoppers are in the store and record which items they place in their bags.

The initial concept, nicknamed Project Artful Dodger, is a compact version of the store and is designed to be 'transportable' – which means the entire shop unit can be dropped directly into each location.

The transportable design means it could be located in areas not easily accessible for Morrisons stores, such as university campuses or in train stations, as well as on urban high streets.

It is understood that later versions of the shop, currently being tested at the grocery giant's head office in Bradford, West Yorkshire, may be bigger than the initial test model.

The 'just walk out' concept could also be developed as a fixed bricks-and-mortar stop, but it is not clear whether that has yet been decided.

A source said Morrisons' plans for the first public appearance of the store are already being prepared and others would follow before the year end.

Tesco has been working on a similar project in what looks set to become a race between Britain's largest retailers to get the first 'frictionless' store open this autumn.

The developments follow the launch of the first Amazon Fresh store in Ealing, West London, earlier this year, which was first reported in The Mail on Sunday.

[philanderer] 17/7/2021 00:38

Non-executives at Morrisons under fire for selling out after accepting low-ball private-equity bid

[tygwyg] 16/7/2021 14:09

Something small is brewing

[pjleeds] 16/7/2021 12:50

Of course the boards advice to shareholders, to take a low offer has nothing to do with head office remaining largely the same and most if not all board members staying on the payroll.

[tygwyg] 15/7/2021 18:34

nothing to do with A(ngry) G(rown) M(en)... no no no... nothing at allNever ceases to amaze how puerile the behaviour is the further you look up *any* organisation

[waldo2020] 15/7/2021 18:12

the attached article states Canaccord Genuity are giving a value for mrw at 314p. It does seem strange why the board accepted a lower price of only 252p.
Curious to know, are the senior members being kept on?

[tygwyg] 15/7/2021 14:28

Price had to fall to fit in with the narrative of the next chapter... which is long since written.Nothing but repeats on this channel ?

[nerdlinger] 15/7/2021 11:28

Close share price control by bankers on behalf of bidders (see 8.5 disclosures) likely indicates incremental, penny-ante bids forthcoming. I can see this dragging on. 'Why did they accept 252p?' - perhaps they are also comfortable in the knowledge that at least 25% of holders will vote against any bargain-hunting asset-stripping valuation.