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Wm Morrison – recommended offer, but is there still more to come?

By Tom Winnifrith & Steve Moore | Tuesday 6 July 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Wm Morrison Supermarkets (MRW) is “pleased to announce” a recommended offer for the company from Fortress Investment Group at 252p per share plus a 2p per share dividend. That compares to a 181.75p offer price recommendation on this website just in January this year…but also a current 267.5p share price. Why the latter?…

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