Morrisons news and analysis – Page 38
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NewsMorrisons agrees deal with CD&R after raised £7bn bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share deal for the supermarket.
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NewsFood shortages ease… but worst is yet to come as HGV driver crisis continues
As changes to self-isolation rules mean fully vaccinated workers must no longer isolate, new research by The Grocer reveals food shortages have now eased
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NewsCity snapshot: Morrisons agrees to new £7bn CD&R bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share bid for the supermarket.
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NewsMcColl’s raises £35m to accelerate Morrisons Daily conversions
The convenience retailer said today it is aiming to have converted 350 stores to Morrisons Daily by November 2022
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NewsMorrisons offers free water refills at forecourts nationwide
The trial showed 18% fewer bottles were sold in forecourt kiosks that offered free water refills
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NewsCity Snapshot: CD&R Morrisons deadline extended as bidding war looms
Clayton, Dubilier & Rice has been granted an extension on today’s ‘put-up or shut-up’ takeover deadline to weigh up whether to make a higher bid for Morrisons. Plus, the takeover battle for Vectura intensifies between Philip Morris and Carlyle; and McColl’s shares plunge as it confirms potential fundraise.
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NewsFortress ups Morrisons offer to £6.7bn in attempt to head off battle with CD&R
Fortress Investments and Morrisons has announced they have agreed a new higher 272p per share offer for the supermarket to attempt to head off a possible counter-bid by Clayton Dubilier & Rice
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Grocer 33Morrisons Bathgate: Grocer 33 store of the week
‘Although social distancing is being removed, people are still very aware of their surroundings and aware of each other. I think that will continue’
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Grocer 33Morrisons wins with ‘clean, attractive store’ as rivals struggle with availability
Morrisons Bathgate was described as a ‘very clean, attractive store’
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Grocer 33Morrisons edges out Sainsbury’s and Asda for Grocer 33 pricing win
At £60.38, Morrisons was just 20p cheaper than runner-up Sainsbury’s
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Analysis & FeaturesWhy private equity wants to take UK food and drink assets off the shelf
As the bidding war for Morrisons heats up, which other grocery retailers and suppliers could be vulnerable to private equity approaches?
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NewsMorrisons launches back-to-school packs for shoppers to donate to struggling families
The supermarket has launched ‘back to school pick up packs’ containing essential school stationery such as pens, pencils, rubbers and rulers
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NewsSupermarkets delay complying with CMA call on restrictive land agreements
The Competition & Markets Authority wrote to Sainsbury’s, Morrisons, Asda, Co-op, Waitrose and M&S asking them to demonstrate their compliance
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NewsMorrisons faces break-up risk in private equity takeover, analysts warn
Bernstein said it “struggled to see the returns [for a buyout group] of the current offer without significant asset sales”
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NewsSingapore 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
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NewsMorrisons to roll out 100 new electric car rapid charge points
The charge points allow customers to charge the majority of cars from flat to full battery in under 45 minutes
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NewsMorrisons’ largest investor Silchester publicly rebukes £6.3bn Fortress offer
Silchester International Investors, which holds a 15.1% holding in Morrisons, said in a statement that it was “not inclined” to support the existing offer from Fortress.
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Grocer 33Morrisons, Swansea: Grocer 33 store of the week
‘I think with Wales as a whole the people have been very understanding, and there has been a feeling that health is the most important thing’
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Grocer 33Morrisons in Swansea stands out amid average performances
Its success was mainly due to strong availability despite the driver shortage
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NewsCity snapshot: Apollo in talks to join Fortress’ Morrisons bid
Apollo Global Management is in talks to join the Fortress Investments-led consortium bidding to buy Morrisons and will not make its own approach for the supermarket.