Submitting.
The offer represents a 42% premium on the Morrisons share price before it was announced that the supermarket had rejected a takeover proposal from New York-based firm Clayton, Dubilier & Rice (CD&R) last month.
Fortress has invested in grocery retail in both North America and Europe, and has invested in Majestic Wine in the UK.
In the US, Fortress has invested in the grocery industry, petrol forecourt stations and retail and restaurants.
Andrew Higginson, chairman of Morrisons, said: “The Morrisons directors believe that the offer represents a fair and recommendable price for shareholders which recognises Morrisons’ future prospects.
“Morrisons is an outstanding business and our performance through the pandemic has further improved our standing and enabled us to enter the discussions with Fortress from a hard-won position of strength.
Britain s Morrisons Agrees $8 7 Billion Takeover by Fortress-Led Group
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British supermarket Morrisons agrees to £6 3bn takerover
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