Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Shares»Morrisons leaps after rejecting $7.6 bln private equity bid
    Shares

    Morrisons leaps after rejecting $7.6 bln private equity bid

    June 21, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.

    Britain’s fourth-largest grocer by sales behind Tesco (TSCO.L), Sainsbury’s (SBRY.L) and Asda, said on Saturday that it had rejected a proposed 5.52 billion pounds ($7.62 billion) cash offer from CD&R.

    The surprise approach underlines private equity’s growing appetite for supermarkets in Britain, attracted by their steady cash generation and freehold real estate assets.

    Read More

    Source: Reuters

    By James Davey

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    PE Insider Private Equity Shares
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Cathay Capital launches new €500m health fund

    May 24, 2022

    Pantheon passes $2.4bn in private debt secondaries as flagship fund closes at $834m

    May 24, 2022

    Venture Capital’s Billions Are Taking Over London Finance

    May 24, 2022

    Moove acquires PetroChoice from Golden Gate Capital in £479m deal

    May 24, 2022

    Comments are closed.

    Other Articles

    VC investor Redalpine launches CHF1bn Summit Fund

    March 24, 2022

    KKR Joins SPAC Party Seeking $1 Billion in Blank-Check Listing

    February 6, 2021

    Oprah-backed Oatly plants IPO seed with private regulatory filing

    February 25, 2021

    Blackstone, CVC Weigh Forming European Building Materials Giant

    February 8, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?