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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
  -0.10 -0.03% 285.90 285.90 286.00 286.40 285.80 286.30 34,076,885 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 71.7 6,890

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9726 to 9749 of 9950 messages
Chat Pages: 398  397  396  395  394  393  392  391  390  389  388  387  Older
DateSubjectAuthorDiscuss
01/8/2021
19:51
Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to come back with a new bid for Morrisons, stepping up a bidding war for the British supermarket chain, the Sunday Times reported. Morrisons rejected an unsolicited 5.52 billion pound ($7.68 billion) proposal from CD&R in June and this month backed a 6.3 billion pound offer from a group led by SoftBank Group Corp-owned Fortress. The Sunday Times said CD&R was understood to have been preparing equity and debt financing for a counter bid that could come in the next few days. If successful, CD&R would open Morrisons convenience stores at fuel stations operated by Motor Fuel Group, which CD&R owns, and it would work alongside the existing Morrisons’ management team, the Sunday Times said. Britain’s Takeover Panel, which regulates corporate transactions, said last month it had given CD&R until Aug. 9 to announce a firm intention to make an offer or walk away. A spokesman for CD&R declined to comment on the Sunday Times report. Last week, British money manager M&G, which owns a 1.08% stake in Morrisons, joined criticism of the Fortress-led bid, saying it did not reflect the true value of the company. Morrisons’ largest shareholder Silchester has also said it is not inclined to support the offer for Britain’s fourth-largest supermarket chain. Schroders Plc, also an investor in Morrisons, is still considering how it will vote. A third private equity suitor Apollo Global Management said last month it would not pursue a solo offer for Morrisons but could join the Fortress consortium. Shareholders in Morrisons are due to vote on the Fortress offer on Aug 16.
chinese investor
01/8/2021
16:00
All bud related would be closer to £2 without it.
tim 3
01/8/2021
14:38
285 in sight... 3xx still on
tygwyg
01/8/2021
10:36
Really I think you should look at your calculations a tad more closely. One off charges are exactly that. Also assets are a bankers dream to which leverage gets applied. The current offer is just too low and fortunately the big shareholders have indicated their positions . I admit I am puzzled as to why the management supports this low offer as , to my mind, it has damaged their professional credibility enormously.Yet I suppose if it teases out much better offers then less so. But that can be a dangerous game. We will see what the next few weeks bring.
gregmorg
01/8/2021
10:17
hard for me to understand why MRW is valued so highly as earnings do not even cover the dividend and a a very high p/e ratio ! But market is never wrong and a counter bid likely this week .
arja
30/7/2021
16:06
Perked up a couple of coppers recently. Word of a counter bid leaking out, or just "nosey" buying?
cwa1
29/7/2021
18:19
I don't think it's dead, they just want more money for it. £2.75 ish would secure the sale and get the 75% approval required. Forget about Amazon, they would have indicated some kind of interest by now. They've got deep enough pockets, why waste your time on Morrisons, when you could easily afford Tesco.
kingalf
29/7/2021
17:23
And another telling fortress to get lost https://uk.news.yahoo.com/m-g-says-8-7-161202014.html
maxp4
28/7/2021
20:11
This deal is dead . Jo Hambro just announced it wont be backing it. L&G not intrested either https://www.telegraph.co.uk/business/2021/07/28/morrisons-takeover-blunder-destined-rank-among-britains-great/ https://www.dailymail.co.uk/money/markets/article-9836085/Top-funds-line-oppose-supermarket-Morrisons-bid.html
maxp4
28/7/2021
17:49
Silchester said that there was “little in the recommended offer that could not be achieved by Morrison as a listed company”, and the board should “allow more time to respond to other parties who might offer better value to Morrison’s public shareholders”. According to independent retail analyst Nick Bubb, this is “certainly an embarrassing public rebuke for the board, for accepting the low-ball Fortress offer". It seems designed to encourage a higher offer from Clayton Dubilier & Rice, Bubb added, with CD&R seeing its £5.5bn approach last month immediately rejected by Morrisons. Meanwhile, Fortress announced on Wednesday morning that its consortium has been joined by GIC, the Singapore sovereign wealth fund. With 75% of shareholder votes needed to approve the deal, it is starting to look very tough for chief executive David Potts and fellow board members ahead of the investors meeting on 16 August.
loganair
28/7/2021
17:42
Let them fight it out, then Amazon will come along with a knockout bid.
albert3591
28/7/2021
17:26
The vote... turnout is key...Turnout 60% SIL Alone >>> BlockTurnout 70% SIL + min 2.4% holders >>> BlockTurnout 80% SIL + min 4.9% holders >>> BlockTurnout 90% SIL + min 7.4% holders >>> BlockSilchester in the driving seat
tygwyg
28/7/2021
16:02
Singapore wealth fund joins Fortress-led consortium on £6.3bn Morrisons takeover Cambourne Life Investment, a subsidiary of GIC, has agreed to join Fortress Investment Group – alongside Canadian pension fund CPPIB and a subsidiary of US group Koch Industries – as an additional co-investor This would allow the consortium to sweeten its bid for Morrisons after the supermarket’s largest shareholder - Silchester International, which owns a 15.14% stake in the company - said on Tuesday that it was not inclined to support the bid. GIC, Singapore's sovereign wealth fund, holds around 0.21 per cent of the issued share capital of Morrisons.
loganair
28/7/2021
14:34
There is still a chance this could all be a part of the exec's cunning plan to get all bids out and have them decisively rejected by allied holders. There were reports that they had been war-gaming their defence with Rothschilds when the low share price made them vulnerable to asset-stripping (google morrisons rothschild "defence"). However, if their keenness to agree the Fortress deal is an act they appear to be over-acting...
nerdlinger
28/7/2021
14:17
Totally agree.The takeover will be bad for customers, staff and probably shareholders too in the long run.Does not matter what they say they only in it for the money.
tim 3
28/7/2021
12:59
The chancers aren't just the people looking to buy, I think you have to include wanting to sell, ie. the directors.
pjleeds
28/7/2021
11:40
Recently shopped at Morristons too. Felt a bit like a Waitrose on steroids except for sensible prices. What a shame if this ever gets taken out, lets hope the shareholders tell the chancers where to stick their greedy fat hands.
my retirement fund
28/7/2021
11:09
I would think that Fortress drop drafted before SIL statement... getting interesting
tygwyg
28/7/2021
10:15
I always shop at Sainsburys. However recently there were so many items out of stock I decided to try Morrisons. Difference was night and day not one item I needed was out of stock. Impressed.
tim 3
28/7/2021
09:34
See post 3039
pjleeds
28/7/2021
09:10
If Silchester think that the Fortress bid doesn't offer anything which could not already be achieved as a listed company why is the current MRW management so keen to endorse the offer. They have been "humiliated" hTTps://www.dailymail.co.uk/money/markets/article-9831511/Top-Morrisons-investor-rejects-private-equity-bid-supermarket.html Could it be that David Potts thinks he has done his time and wants to depart. All the charity giveaways during the pandemic seemed to suggest he was keen for a gong to embellish the end of his time at the company. The average tenure of a CEO is just over 5 years. Potts has been at the helm for over six years and generally considered to have done well to improve performance and recover from the hapless previous management. Even if the bidders claim the current team are staying post-bid that could just be another lure to try and secure bid acceptance.
scotches
27/7/2021
19:21
Any idea why the board didn't sound out how likely it's major investors were to support the deal before recommending it?Seems very wasteful of time and resources to go through these motions if it could be easily determined if it has no chance of passing.
petersw1
27/7/2021
18:37
Wonder who's tapped them up?CD&R and xxx?
tygwyg
27/7/2021
18:35
Good news. It even sounds like they're not likely to vote for any asset-stripping price.
nerdlinger
Chat Pages: 398  397  396  395  394  393  392  391  390  389  388  387  Older
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