SoftBank-Backed Fortress Investment To Buy UK Supermarket Chain Morrison For $8.7B
July 04, 2021 at 18:01 PM EDT
SoftBank Group-backed Fortress Investment Group has agreed to buy Wm Morrison Supermarkets PLC for about $8.7 billion. Last month, it turned down a lower bid from Clayton Dubilier & Rice. CD&R has until July 17 to come back with a counteroffer.