Tag: supermarket

Bidding War Heats up at Morrisons With New £7 Billion Bid by US Private Equity Firm

August 20, 2021
Business & EconomyCompaniesMorrisonssupermarkettakeoverUKWorld
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U.S. private equity firm Clayton, Dubilier & Rice (CD&R) has announced a new £7 billion ($9.54 billion) bid for supermarket Morrisons. The deal has been unanimously accepted by the board of the grocer and directors have said shareholders should vote in favour of the takeover at a meeting due in early October. It means the…

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Apollo Enters Takeover Battle for Britain’s Morrisons

July 5, 2021
BusinessCompaniesInvestmentMorrisonssupermarketUKWorld
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LONDON—The $8.7 billion bid battle for Britain’s Morrisons intensified on Monday when a third private equity group entered the fray, sending the supermarket group’s share price racing ahead of the value of an offer it recommended on Saturday. New York-headquartered Apollo Global Management, which last year missed out on buying Morrisons rival Asda, said it…

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Britain’s Morrisons Agrees $8.7 Billion Takeover by Fortress-Led Group

July 4, 2021
BusinessCompaniesInvestmentMorrisonssupermarkettakeoverUKWorld
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LONDON—Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain’s fourth-largest supermarket chain at £6.3 billion ($8.7 billion) and tops a rival offer from a U.S. private equity firm. The offer from Fortress, along with Canada Pension Plan Investment Board and Koch Real Estate Investments, exceeds a £5.52 billion…

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10 Dead, Including Police Officer, in Shooting at Colorado Supermarket

March 22, 2021
BoulderColoradoCrime and IncidentsKing SoopersshootingsupermarketUSUS News
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At least 10 people are dead, including a police officer, after a shooting incident on Monday at a supermarket in Boulder, Colorado, a city about 25 miles northwest of Denver. Video posted online appeared to show people on the floor inside the King Soopers store and two more outside on the ground, but the extent of…

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Morrisons Becomes First UK Supermarket to Ban People Who Refuse Masks

January 11, 2021
banmasksMorrisonsrefusesupermarketUKWorld
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Morrisons has become the first UK supermarket to explicitly ban people who refuse to wear a face-covering from entering their stores, unless medically exempt. The supermarket—the fourth-largest by market share in the country—did not indicate how medical exemptions will be identified or if they will need to be proven. Laws enacted in the spring state…

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