{"id":119554,"date":"2021-08-09T06:53:36","date_gmt":"2021-08-09T06:53:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=119554"},"modified":"2021-08-09T06:53:36","modified_gmt":"2021-08-09T06:53:36","slug":"morrisons-suitor-cdr-given-more-time-to-make-counter-offer","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/","title":{"rendered":"Morrisons suitor CD&R given more time to make counter offer"},"content":{"rendered":"
FILE PHOTO: A Morrisons store is pictured in St Albans, Britain, September 10, 2020. REUTERS\/Peter Cziborra\/File Photo<\/figcaption>

LONDON (Reuters) – Morrisons suitor, U.S. private equity group Clayton, Dubilier & Rice (CD&R), has been given more time to consider a counter takeover bid for the supermarket group.<\/p>\n

Britain\u2019s Takeover Panel, which regulates takeover activity, said on Monday CD&R would have until August 20 to announce a firm intention to make an offer for Morrisons or walk away, a so-called \u201cput-up or shut-up\u201d order, extending a previous deadline of August 9.<\/p>\n

Morrisons, which on Friday agreed a raised 6.7 billion pounds ($9.3 billion) offer from a consortium led by Softbank owned Fortress Investment Group, had requested the Takeover Panel set a revised deadline for CD&R.<\/p>\n

On Friday, Morrisons also postponed an Aug. 16 shareholder meeting to vote on the Fortress offer and set a new date of Aug. 27.<\/p>\n

Fortress\u2019 revised offer comprises 270 pence per Morrisons share plus a 2 pence a share special dividend. Fortress said it \u201cremains committed to becoming the new owner of Morrisons.\u201d<\/p>\n

However, shares in Morrisons, Britain\u2019s fourth biggest grocer after market leader Tesco, Sainsbury\u2019s and Asda, closed Friday at 278.8 pence, indicating investors are hoping for a higher offer.<\/p>\n

($1 = 0.7209 pounds)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A Morrisons store is pictured in St Albans, Britain, September 10, 2020. REUTERS\/Peter Cziborra\/File PhotoLONDON (Reuters) – Morrisons suitor, U.S. private equity group […]<\/p>\n","protected":false},"author":3,"featured_media":119553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nMorrisons suitor CD&R given more time to make counter offer - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morrisons suitor CD&R given more time to make counter offer - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A Morrisons store is pictured in St Albans, Britain, September 10, 2020. REUTERS\/Peter Cziborra\/File PhotoLONDON (Reuters) – Morrisons suitor, U.S. private equity group [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-09T06:53:36+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Morrisons-suitor-CDR-given-more-time-to-make-counter-offer.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/\",\"url\":\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/\",\"name\":\"Morrisons suitor CD&R given more time to make counter offer - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-08-09T06:53:36+00:00\",\"dateModified\":\"2021-08-09T06:53:36+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Morrisons suitor CD&R given more time to make counter offer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Morrisons suitor CD&R given more time to make counter offer - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/","og_locale":"en_US","og_type":"article","og_title":"Morrisons suitor CD&R given more time to make counter offer - Fin2me","og_description":"FILE PHOTO: A Morrisons store is pictured in St Albans, Britain, September 10, 2020. REUTERS\/Peter Cziborra\/File PhotoLONDON (Reuters) – Morrisons suitor, U.S. private equity group [...]","og_url":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/","og_site_name":"Fin2me","article_published_time":"2021-08-09T06:53:36+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Morrisons-suitor-CDR-given-more-time-to-make-counter-offer.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/","url":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/","name":"Morrisons suitor CD&R given more time to make counter offer - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-08-09T06:53:36+00:00","dateModified":"2021-08-09T06:53:36+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/morrisons-suitor-cdr-given-more-time-to-make-counter-offer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Morrisons suitor CD&R given more time to make counter offer"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/119554"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=119554"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/119554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/119553"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=119554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=119554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=119554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}