UK: Morrisons, CVC quiet on takeover talk
CVC Capital and rumoured takeover target Morrisons have maintained a stony silence on reports that the private equity group is preparing to launch a bid for the UK retailer.
According to reports, CVC has been in contact with Goldman Sachs as it prepares a takeover bid for Morrisons.
When contacted by just-food today (14 May) CVC declined to confirm its interest in the supermarket group.
Boasting an extensive property portfolio, the UK's fourth-largest retailer has caught the attention of private equity investors, sparking weeks of speculation that a buyout move could be on the cards.
A spokesperson for Morrisons said that the company had not received a formal approach. The company declined to comment further on what it termed "market rumours and speculation".
Morrisons shares were up 2.5% at 2.30pm (GMT), rising to 330.25 pence on the back of the takeover talk.
Claims that UK retailers and dairy processors have colluded to raise the price of milk, butter and cheese will have caused a wry smile among the country's food suppliers, who often complain of the und...
The UK grocery market is "more competitive than ever", according to a study published today (30 October)....
A report from the Local Government Association (LGA) has said the UK's major supermarket chains are still using too much packaging, and that some 40% of packaging currently being used is not recyclabl...
X5 Retail Group, Russia's largest retailer by sales, has decided to postpone plans for a secondary share offering....
One of the five UK dairy processors embroiled in the dairy price-fixing allegations has insisted it did not benefit from moves by UK retailers to increase farm-gate prices....
The UK's competition watchdog has today (20 September) stood firm in its claims that the country's retail giants and certain dairy processors colluded to raise prices on milk, butter and cheese....
UK retailers are this morning (20 September) facing claims that they colluded with dairy companies to hike up the price of milk, butter and cheese....
UK grocer Morrisons has seen first-half profits almost double as a company revamp helped to boost margins and cut costs....
- Interview: Sir Kensington's on sale to Unilever
- Danone's Q1: four things to learn
- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units