1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 Read On September 10, 2020, a Morrisons store in St Albans, Britain, is photographed. FILE PHOTO: REUTERS/Peter Cziborra (Reuters) – LONDON (Reuters) – Morrisons announced on Saturday that it has agreed to a buyout offer from a new business owned by funds managed or advised by Fortress Investment Group affiliates, valued at 6.3 billion pounds ($8.7 billion). Morrisons shareholders will receive 254 pence per share in the deal, which includes 252 pence in cash and a 2 penny cash dividend. Morrisons rejected a 5.52 billion pound bid from US private equity firm Clayton, Dubilier & Rice (CD&R) on June 19, claiming it was far too low. (1 dollar = 0.7235 pounds) James Davey contributed to this report. Jane Merriman did the editing./n
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