Morrisons braces for bidding war after accepting £6.3bn takeover

Morrisons store frontage

Rival private equity firms are reportedly considering tabling rival bids for UK grocer Morrisons after it accepted a £6.3bn takeover yesterday.

The UK supermarket’s board accepted a 252p-a-share offer from private equity firm Fortress yesterday, having previously turned down a lesser offer from CD&R which valued the firm at £5.5bn. 

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