BBCNEWS Witness History June 4, 2024 23:31:00
A takeover deal worth £6.3 billion from a consortium of investment groups, led by the american owner of majestic wine. our business correspondent katy austin reports. morrisons has nearly 500 stores and employs about 110,000 staff in the uk. the takeover offer it has agreed, led by fortress investment group, is higher that one it rejected last month from a different firm. 0ne stockbroker told me the supermarket is seen as an attractive prospect. the main issue is i think they will feel the price is too low and there is value to be had. the company is profitable, it's got very limited debt, it...