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Morrisons share price higher than value of offer by Fortune consortium

Takeover will affect Morrisons 110,000 employees

THERE is some doubt concerning the feasibility of a takeover as Morrisons share price higher than value of offer by Fortune consortium. A statement from Morrisons’ largest shareholder Silchester International says “it is not inclined to support” the £6.3 (€6.93) billion private equity-backed takeover deal for the supermarket chain. Although the Morrisons board has recommended […]

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