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UK supermarket Morrisons shares at eight-year high ahead of expected bid battle

By 2021-08-03 No Comments

August 03, 2021 7:00 AM

LONDON (REUTERS) – Shares in British supermarket Morrisons hit almost eight-year highs on Monday on investor hopes that the rebuffed US private equity group CD&R would return with a higher offer to counter Fortress’ in the US$8.8 billion (S$11.9 billion) bid battle.