BBCNEWS Breakfast June 4, 2024 06:20:00
One of the uk“5 biggest supermarkets, morrisons, says it has accepted a £63 billion takeover bid from a us investment group, led by the owner of majestic wine. there are 500 morrisons stores in the uk, with more than 100,000 people employed by the company. the firm“s directors are recommending shareholders approve the deal. we“re joined now by retail analyst ged futter. good to see you and lovely to have you here in the flesh. first of all, what does it mean when there is a takeover bid? why would this happen? it means there are a group of investors that see that opportunities to make m...