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MRW Morrison (wm) Supermarkets Plc

286.40
0.00 (0.00%)
01 Mar 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 9776 to 9797 of 9975 messages
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older
DateSubjectAuthorDiscuss
07/8/2021
09:25
C Dand R have until 20th i think now to make thier pitch. thats a week before the new vote date of 27th. which fits the same type of timetable that was in place.
darkelf1
06/8/2021
22:34
It's not a done deal not by any means. £2.85 minimum and then we can start talking about sealing a deal and I even think £2.85 is a steal. I'm hoping 2.72 will be trumped at 7.03 on Monday 9th August.
leadersoffice
06/8/2021
22:20
This is only the start. The cost of Climate extremist Boris and Carrie's green plans (cars, boilers, hitting emission targets etc) will cost us so so SO much!! Not only that the country will be in darkness half the time!


Gas and electric bills for 15 MILLION households will soar by a record £139 from October due to rise in wholesale energy prices - after regulator Ofgem raised price cap on tariffs



The evidence - global warming isn't happening..

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore

johnwise
06/8/2021
21:49
well...that shut me up..
darkelf1
06/8/2021
16:42
Extension request:-
cwa1
06/8/2021
14:28
kennewil....ditto.
latics2
06/8/2021
14:18
This long termer, since safeway takeover, if not before, has sold out. Seems a toss up between slightly higher bid or falling back to tabled offer.
kennewil
06/8/2021
13:55
Softbank-owned Fortress said its raised offer comprises 270 pence per Morrisons share plus a 2 pence a share special dividend and was aimed at warding off its rival suitor.


Shares in Morrisons were up 2.2% at 278.15 pence by 1217 GMT - a premium to the latest offer - on hopes that CD&R will respond. CD&R declined to comment.


Analysts have speculated that Amazon, which has a partnership deal with Morrisons, could still enter the fray.

loganair
06/8/2021
13:52
His Twitter is still silent... embargo 'til the real news drops?
tygwyg
06/8/2021
13:46
RNS at 17:10 !
chinese investor
06/8/2021
13:37
I don't think Tony Hoggett joined Amazon just to run a string of mini marts. CD&R&A?
tygwyg
06/8/2021
13:11
re reset clock I assumed it would be, that would be fair, I suppose a recognised bidder might have to request an extension to consider the revised offer. If this wasn't the case then bidders would always save their real bids until the last few days of the deadline. This isn't Sotheby's. Ignore the journos, some of them were saying CD&Rs original deadline still stood for days after it was extended for the initial Fortress offer. Anyway, should find out officially soon.

From RNS:

...The Morrisons Directors note that the Panel Executive has ruled that, unless the Panel Executive consents otherwise, CD&R must, by 5.00 p.m. on 9 August 2021, either announce a firm intention to make an offer for Morrisons under Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer for Morrisons...

...The expected timetable of principal events for the implementation of the Scheme (as amended to reflect the terms of the Increased Fortress Offer) remains as set out on page 15 of the Scheme Document. If any of the dates or times for the expected implementation of the Scheme change, the revised dates or times will be notified by issuing an announcement through a Regulatory Information Service...

nerdlinger
06/8/2021
12:52
I would say that the new offer of 272p has been set at a price that the major shareholders have already agreed to and therefore is basically a done deal.
loganair
06/8/2021
12:46
The bidder said the offer represents at 52% premium on the group's 178p per share price at the close before the first takeover proposal sparked surge in its valuation.

The company said in a stock market statement: "Morrisons directors believe that the increased Fortress offer is in the best interests of Morrisons shareholders as a whole, and accordingly unanimously recommend that Morrisons shareholders vote in favour of the resolutions required to implement the increased Fortress offer."

The UK takeover regulator has given CD&R a deadline of Monday 9 August to either place its own firm bid for the retailer or walk away.

loganair
06/8/2021
12:21
Nerdlinger, I don't think this does reset the clock, after all, it's a revised offer from the same party. 16th August still stands and Cd&r have until 5.00 pm on Monday to make an offer.
kingalf
06/8/2021
12:11
BBC - Supermarket chain Morrisons says it has agreed to a revised takeover offer worth £6.7bn, up from £6.3bn, from a private equity consortium led by Fortress Investment Group.

The increased offer, worth 272p a share, comes after some key investors rejected a previous 254p a share offer.

loganair
06/8/2021
12:08
No clocks reset... yet.
tygwyg
06/8/2021
11:10
Unconvincing bid, more to come from Fortress I think. That resets the clock as well so this could take ages yet and we're back in the FTSE100 in 4 weeks.
nerdlinger
06/8/2021
10:31
285 in sight... 3xx still on. Paging Market Bidco
tygwyg
06/8/2021
10:10
They blinked first!
tygwyg
06/8/2021
06:03
I think it will come. Possibly today or after close of trading. Then weekend to digest it. Not expecting Amazon to enter the fray. There always touted.
leadersoffice
05/8/2021
23:33
Does not look like amazon are going to come out and bid. Might all fall flat and get voted down.
darkelf1
Chat Pages: 399  398  397  396  395  394  393  392  391  390  389  388  Older

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