67bn

WM Morrison has agreed to an improved to takeover offer from a US consortium led by Fortress Investment Group, valuing the supermarket chain at £6.7 billion. Softbank-owned Fortress increased its offer to fend off a possible…

A takeover bid for the supermarket chain Morrisons by a private equity-backed consortium has been increased to £6.7bn following speculation of a rival offer.The group led by Fortress…