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Even a few of our detractors have now come around
Hello, Share Wonderers. What about shares in Wm Morrison Supermarket (MRW)? There’s a takeover situation which can see the price rise. But it’s also been argued on this illustrious website recently that it might be better to sell at the across-the-counter price now because if rivals walk away, we can expect the share price to retreat.
We previously updated on Wm Morrison Supermarkets (MRW) including noting Apollo Global Management stating that “it is, on behalf of certain investment funds managed by it, in the preliminary stages of evaluating a possible offer for Morrisons” meant that we could still see further upside potential with a competitive bid situation developing. There has now been a further announcement from Apollo.
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?...
