White knight: Although higher offers may still emerge, Morrison is already listing reasons to support Fortress. —Bloomberg
AN investor group backed by a SoftBank subsidiary, America’s billionaire Koch family and others is positioning itself as the white knight riding to the rescue of Wm Morrison Supermarkets Plc.
Now comes the job of persuading investors, customers and politicians that a foreign private equity takeover of Britain’s fourth-biggest grocery chain is in their interests.
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