WM Morrison (#MRW) – highest auction offer 287p per share from CD&R
- 2021-10-04 07:51:54
UK 12:52 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Hello, Share Wonderers. What about shares in Wm Morrison Supermarket (MRW)? There’s a takeover situation which can see the price rise. But it’s also been argued on this illustrious website recently that it might be better to sell at the across-the-counter price now because if rivals walk away, we can expect the share price to retreat.
We previously updated on Wm Morrison Supermarkets (MRW) including noting Apollo Global Management stating that “it is, on behalf of certain investment funds managed by it, in the preliminary stages of evaluating a possible offer for Morrisons” meant that we could still see further upside potential with a competitive bid situation developing. There has now been a further announcement from Apollo.
Wm Morrison Supermarkets (MRW) is “pleased to announce” a recommended offer for the company from Fortress Investment Group at 252p per share plus a 2p per share dividend. That compares to a 181.75p offer price recommendation on this website just in January this year...but also a current 267.5p share price. Why the latter?...
A couple of stories to think about this Sunday. The first has got to be a 252p-a-share offer for Morrisons (MRW) by Fortress with their range of interests including a Canadian pension giant (and which is also owned by the Japanese investment giant SoftBank). So two bits of difference versus the news from a few weeks ago. First, it is not from a US focused private equity interest (with assistance from the ex-Tesco CEO Terry Leahy), and second, it is better than the previous big of 230p-a-share bid.
It has been quite exciting this weekend reading about one of my favourite FTSE 100 plays, even if the index has naturally remained closed (even I am not enough of a saddo to need the markets to open on a Saturday or a Sunday). Last Friday I wrote about Tesco (TSCO) but I also mentioned that ‘if you do want to buy more of a UK food retailer then I would suggest reading my Morrison (MRW) piece from last month HERE‘. Well that looks pretty smart as a story broke yesterday that ‘buyout giant CD&R weighs £5.5 billion takeover of supermarket chain Morrisons’. That does not sound too shabby given its £4.3 billion market cap at Friday’s close.
Back in early January I observed that ‘Morrisons (MRW) is rudely unloved’. Since then the shares have done very little, but this morning’s update is another indication that the stock remains cheap – and that Morrisons is a good place to do your food shopping too.
Wm Morrison (MRW) has announced its results for its year ended 31st January 2021 and that it is confident it can continue momentum into the new year, expecting both profit growth and a significant reduction in net debt.
We’ve produced an update on a positive trading statement from J Sainsbury (SBRY) but it is not the only one in its sector that, despite recent gains, looks to offer long-term income value...
Hello, Share Scrapers. My holding in Morrison (MRW) the supermarket is one of those stocks I wish I’d sold ages ago. After many years, I’m still nursing an 8% loss. But things are improving for it and among the four big British supermarkets it’s gaining market share. Also, with the lockdowns, sales are well up, with supermarkets staying open and still also selling unimportant stuff.
