Morrisons: Supermarket agrees £6.3bn takeover
The UK’s fourth largest supermarket accepts an offer from the US owner of Majestic Wine. …
Russ Mould, investment director at stock broker AJ Bell, said the American investors may have considered Morrisons – the UK’s fourth largest supermarket group – as being “unloved, under appreciated and therefore under valued” meaning they thought they were getting a bargain.
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