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MRW Morrison (wm) Supermarkets Plc

286.40
0.00 (0.00%)
27 Feb 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Morrison (wm) Supermarkets Share Discussion Threads

Showing 9726 to 9747 of 9975 messages
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older
DateSubjectAuthorDiscuss
29/7/2021
17:19
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
16:23
And another telling fortress to get lost
maxp4
28/7/2021
19:11
This deal is dead . Jo Hambro just announced it wont be backing it. L&G not intrested either
maxp4
28/7/2021
16:49
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
16:42
Let them fight it out, then Amazon will come along with a knockout bid.
albert3591
28/7/2021
16:26
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
15:02
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
13:34
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
13:17
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
11:59
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
10:40
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
10:09
I would think that Fortress drop drafted before SIL statement... getting interesting
tygwyg
28/7/2021
09:15
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
08:34
See post 3039
pjleeds
28/7/2021
08:10
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"

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
18:21
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
17:37
Wonder who's tapped them up?CD&R and xxx?
tygwyg
27/7/2021
17:35
Good news. It even sounds like they're not likely to vote for any asset-stripping price.
nerdlinger
27/7/2021
12:54
This link (dated June 2021) has the general public at over 13% ownership in which case it does look as if nominee accounts also mean some PI.



"General Public Ownership
With a 13% ownership, the general public have some degree of sway over Wm Morrison Supermarkets. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies."

scotches
27/7/2021
11:32
Also. Just voted against with ii
kennewil
27/7/2021
11:32
I use Sainsurys in Guildford. Have everything delivered and it is a great service. So far nearly aways get what we ordered or a replacement with voucher for difference in price.
kennewil
27/7/2021
11:14
I’d also looked there but found it hard to interpret.
There’s the “Nominee Companies” entry that accounts for 88.68% of the share capital.
Are PI’s with shares in nominee accounts included as a small part of that section?

petersw1
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older

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