Fortress to acquire UK supermarket chain Wm Morrison for $8.7bn: Bloomberg

Fortress Investment Group has agreed to buy UK supermarket chain Wm Morrison Supermarkets PLC for about $8.7 billion, reported Bloomberg.

Fortress Investment Group has agreed to buy UK supermarket chain Wm Morrison Supermarkets PLC for about $8.7 billion, reported Bloomberg. The news outlet noted that the transaction comes on the heels of Wm Morrison rejecting a lower bid from Clayton Dubilier & Rice a month ago.

Source: Bloomberg