Morrisons agrees £6.3bn sale to Majestic Wine owner

Morrisons shopping trolleys

US investment giant Fortress is to acquire Morrisons in a deal said to recognise the grocer’s unique characteristics, long-term strategy and responsibilities to stakeholders.

The £6.3bn cash offer from Fortress, which also owns Majestic Wine, trumps an earlier £5.5bn for Morrisons from private equity group CD&R which was rejected.

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