Morrison (Wm) Supermarkets (MRW)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

292.20p
   
  • Change Today:
      1.10p
  • 52 Week High: 293.80
  • 52 Week Low: 161.75
  • Currency: UK Pounds
  • Shares Issued: 2,419.46m
  • Volume: 4,996,209
  • Market Cap: £7,070m
  • RiskGrade: 95

Singapore sovereign wealth fund joins Fortress-led bid for Morrisons

By Michele Maatouk

Date: Wednesday 28 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Singapore's sovereign wealth fund has joined the Fortress-led private equity consortium looking to buy supermarket chain Morrisons.
Fortress, which is backed by Japan's SoftBank, said on Wednesday that GIC would provide £100m of funding. This would allow the consortium to sweeten its £9.5bn bid for Morrisons after the supermarket's largest shareholder - Silchester International, which owns a 15.14% stake in the company - said on Tuesday that it was not inclined to support the bid.

Earlier this month, US private equity firm Apollo said it was in talks with Fortress about joining the consortium and that it would not make a separate offer for the group.

The consortium includes Fortress, Canadian pension fund CPPIB, and Koch Real Estate Investments.

Fortress said that GIC, which owns a 0.2% interest in Morrisons, will provide the cash through its investment vehicle, Cambourne Life.

Morrisons shareholders are scheduled to vote on the Fortress-led offer on 16 August.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Morrison Market Data

Currency UK Pounds
Share Price 292.20p
Change Today 1.10p
% Change 0.38 %
52 Week High 293.80
52 Week Low 161.75
Volume 4,996,209
Shares Issued 2,419.46m
Market Cap £7,070m
RiskGrade 95

Morrison Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.16% above the market average38.16% above the market average38.16% above the market average38.16% above the market average38.16% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
82.19% above the market average82.19% above the market average82.19% above the market average82.19% above the market average82.19% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average
Income
24.65% below the market average24.65% below the market average24.65% below the market average24.65% below the market average24.65% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
66.62% below the market average66.62% below the market average66.62% below the market average66.62% below the market average66.62% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 9
Sell 1
Strong Sell 0
Total 10
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Morrison Dividends

  Latest Previous
  Final Special
Ex-Div 20-May-21 17-Dec-20
Paid 28-Jun-21 25-Jan-21
Amount 5.11p 4.00p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 1,424,612 @ 292.20p
16:29 1,250 @ 292.10p
16:29 46 @ 292.10p
16:29 420 @ 292.10p
16:29 90 @ 292.10p

Morrison Key Personnel

COO Trevor Strain
Chair Andrew Higginson
CEO David T Potts
CFO Michael Gleeso

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