Morrisons Supermarkets accepts £6.3Billions takeover from USA Hedge Fund
 

[Supermarket chain Morrisons has accepted
a £6.3bn ($8.7bn) takeover bid by a
US investment group led by
the owner of Majestic Wine.

Last month, the supermarket group
turned down an offer from a different firm,
saying it had significantly undervalued the business.

Morrisons chairman, Andrew Higginson, said
the new offer was fair, and the chain
would "continue to prosper".]

[Morrisons has nearly 500 shops
and more than 110,000 staff in the UK.
The deal is subject to shareholder approval but the
supermarket group's directors are
recommending it is unanimously voted for.]

The takeover is led by US private equity group Fortress Investment Group.

https://www.bbc.co.uk/news/business-57705253


You can buy Morrison Foods on Amazon UK in some cities


Not like Walmart taking on Asda
more a Dodgy Hedge Fund group in USA.