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B C public-sector pension fund reports 16 5% annual return

B C public-sector pension fund reports 16 5% annual return
investmentexecutive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentexecutive.com Daily Mail and Mail on Sunday newspapers.

B C public-sector pension fund reports 16 5% annual return

B C public-sector pension fund reports 16 5% annual return
advisor.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advisor.ca Daily Mail and Mail on Sunday newspapers.

US private equity giant closes in on deal with rival to snatch Morrisons

US private equity giant Apollo is closing in on an agreement to join forces with a group of foreign bidders for Morrisons supermarkets, tightening the consortium s grip on the grocery chain.  Fortress, which is backed by Japanese investment giant Softbank, has teamed up with American businessman Charles Koch and the Canada Pension Plan Investment Board to agree a £6.3billion offer for the Bradford-based chain.  Talks to bring Apollo on board are progressing towards a conclusion, putting immense pressure on rival bidder Clayton Dubilier & Rice to walk away or top the existing bid.  In vogue: Interest in supermarket chain Morrisons follows a swoop on Asda last year

UK s Morrisons investors to vote next month on Fortress offer

Article content Britain’s Takeover Panel, which regulates corporate transactions, said on Thursday it had given CD&R until Aug. 9 to announce a firm intention to make an offer or walk away a so-called “put-up or shut-up” order. A third private equity suitor Apollo Global Management said on Tuesday it would not pursue a solo offer for Morrisons but could join the Fortress consortium. The scheme document showed that Fortress expected to incur banking and advisory fees and expenses of 263.5 million pounds, while Morrisons expected to incur up to 49.6 million pounds. Morrisons said it and Fortress were also in talks with the trustees of Morrisons’ pension schemes.

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