Majestic Wine owner tries to fend off rival suitor and win over reluctant shareholders
The US-backed bidder for Morrisons has increased its offer for the supermarket group by £400m to £6.7bn in an attempt to fend off a rival suitor and win over reluctant shareholders.
Fortress, the owner of Majestic Wine, which is owned by the Japanese investment company SoftBank, said on Friday that it was raising its bid to 270p a share plus a further 2p a share special dividend as it was “committed to becoming the new owner of Morrisons”.