Why Real Estate Is At The Heart Of £8.7B Morrisons Takeover Bid

Private equity firms are circling another UK supermarket chain, plotting a multibillion-pound takeover bid — and as with other recent giant M&A transactions, property is central to the appeal of the deal. 
On Monday, listed company Morrisons confirmed weekend press reports that it had rejected an £8.7B bid from Clayton, Dubilier & Rice. CD&R may still come back with a higher bid, and there is the possibility that other private equity firms including Apollo could also make a bid for the company, the Evening Standard reported.
Supermarkets have fared well during the pandemic-hit last 18 months, as they have remained open for business…

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