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Britain’s Morrisons agrees $8.7 billion takeover by Fortress-led group

Home / Stock Analysis / Britain’s Morrisons agrees $8.7 billion takeover by Fortress-led group
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Britain’s Morrisons agrees $8.7 billion takeover by Fortress-led group

03 Jul Stock Analysis

By James Davey
LONDON (Reuters) – 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 pounds ($8.7 billion) and tops a rival offer from a U.S. private equity…

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