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Good news at Morrisons (and possibly Playtech)

By Chris Bailey of Financial Orbit | Sunday 4 July 2021


Disclosure: I own shares in one or more of the stocks mentioned. 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.


A couple of stories to think about this Sunday.  The first has got to be a 252p-a-share offer for Morrisons (MRW) by Fortress with their range of interests including a Canadian pension giant (and which is also owned by the Japanese investment giant SoftBank).  So two bits of difference versus the news from a few weeks ago.  First, it is not from a US focused private equity interest (with assistance from the ex-Tesco CEO Terry Leahy), and second, it is better than the previous big of 230p-a-share bid. 

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