Inactive Instrument

Wm Morrison Supermarkets

Equities

MRW

GB0006043169

Wm Morrison Supermarkets : Morrisons says talk of firm as takeover target 'pure speculation'

September 12, 2019 at 03:17 am EDT

LONDON (Reuters) - Talk that Morrisons, Britain's No. 4 grocer, could be subject to a takeover bid is "pure speculation", its chief executive David Potts said on Thursday.

Industry analysts have suggested that Morrisons could be a candidate for a potential takeover, possibly from an overseas private equity firm, given the weakness of the pound making deals cheaper and the group's 27% share price fall over the last year.

(Reporting by James Davey; Editing by Alistair Smout)

Latest news about Wm Morrison Supermarkets

Transcript : Wm Morrison Supermarkets Limited, Q1 2024 Earnings Call, Mar 27, 2024	Mar. 27
Morrisons Reportedly Explores Sale of Bakery Business	Feb. 26	CI
Transcript : Wm Morrison Supermarkets Limited, Q4 2024 Earnings Call, Jan 31, 2024	Jan. 31
Wm Morrison Supermarkets Limited Reports Earnings Results for the Full Year Ended October 29, 2023	Jan. 29	CI
Motor Fuel Limited has entered into an agreement to acquire 337 Morrisons petrol forecourts & more than 400 Ultra-Rapid EV sites of Wm Morrison Supermarkets Limited for £2.5 billion.	Jan. 29	CI
Transcript : Wm Morrison Supermarkets Limited, Q3 2023 Earnings Call, Sep 27, 2023	23-09-27
Amacor Retail acquired Five Morrisons Daily stores from Wm Morrison Supermarkets Limited and McColl's Retail Group plc.	23-07-28	CI
Transcript : Wm Morrison Supermarkets Limited, Q2 2023 Earnings Call, Jun 22, 2023	23-06-22
Transcript : Wm Morrison Supermarkets Limited, Q1 2023 Earnings Call, Mar 30, 2023	23-03-30
Wm Morrison Supermarkets Limited acquired The Lodge Lane Co-op.	23-03-06	CI
Wm Morrison Supermarkets Limited Reports Earnings Results for the Full Year Ended October 30, 2022	23-01-26	CI
Transcript : Wm Morrison Supermarkets Limited, 2022 Earnings Call, Jan 26, 2023	23-01-26
ICG Real Estate completed the acquisition of Portfolio of seven distribution facilities from Wm Morrison Supermarkets Limited.	22-12-08	CI
Wm Morrison Supermarkets Limited completed the acquisition of Business and Assets of McColl's Retail Group plc from McColl's Retail Group plc.	22-10-31	CI
Transcript : Wm Morrison Supermarkets Limited - Special Call	22-06-29
Wm Morrison Supermarkets PLC agreed to acquire Business and Assets of McColl's Retail Group plc from McColl's Retail Group plc for £160 million.	22-05-08	CI
EG Group Reportedly Swoops for McColl's as Administrators Called in	22-05-05	CI
Wm Morrison Supermarkets PLC Announces Pricing of £1,075 Million Senior Secured Notes	22-04-27	CI
Wm Morrison Supermarkets PLC Reports Earnings Results for the First Quarter Ended January 30, 2022	22-04-06	CI
Wm Morrison Supermarkets PLC Reports Earnings Results for the Nine Months Ended October 31, 2021	22-04-06	CI
Wm Morrison Supermarkets Announces Redemption of Notes	22-04-05	CI
Wm Morrison Reportedly to Explore Options for McColl's Retail Group	22-03-21	CI
Tesco's Market Share Increased in Fiscal Year 2022, According to Kantar's Grocery Report	22-03-01	DJ
Underwriters to $9.4 Billion Morrisons Buyout Sell $1.6 Billion Debt Package; Fees Down 20%	22-02-07	MT
British Competition Watchdog Probes CD&R's $9.4 Billion Morrisons Acquisition	22-01-27	MT

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Company Profile

Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company's brands include Naturally Wonky, Free From, Nutmeg, Home Cook, V Taste and Little Kitchen. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers. Its Morrisons branded beef, lamb, pork, chicken, milk and eggs are sourced in the United Kingdom. The Company serves customers across the United Kingdom through approximately 497 stores and an online home delivery service. The Company operates over seven regional distribution centers and one national distribution center. Its subsidiaries include Bos Brothers Fruit and Vegetables B.V., Chippindale Foods Limited, Safeway Stores Limited, Erith Pier Company Limited, Firsdell Limited, Kiddicare Properties Limited, Neerock Farming Limited, Neerock Limited and Rathbone Kear Limited.

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