Fortress to buy Morrisons for $8.7bn, may start bidding war ...Qatar

An investor consortium led by Fortress Investment Group agreed to buy Wm Morrison Supermarkets Plc for about £6.3bn ($8.7bn), potentially triggering a bidding war for one of the UK’s largest grocers. The group has been in talks with Morrison since May and made five offers during the period, people familiar with the matter said. The supermarket chain said in June that it rejected a £5.5bn offer from Clayton Dubilier & Rice. As essential businesses, grocery chains weathered the past year’s pandemic better than other retailers, and investors are seeking to capitalise on the stores’ improving fortunes as lockdowns end. In a statement yesterday Fortress, a SoftBank Group Corp subsidiary, said th

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