Morrison Supermarkets 🥖🛒 - MRW

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22% of share holders against accepting 254p currently. I wonder if this is gamesmanship or they genuinely don’t want to sell.

Share price is 268p. If I sell now seems like I’d be better off than waiting……

Is it the end of Morrisons

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Currently now sitting at £2.79 per share

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Briefly touched 280. I can’t imagine it going much higher…

Another bid, another price hike. We’re now at £2.91 and up 10% for the last 30 days.

Surely it can’t go much higher? (Looks at last post and eats words…)

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A sad day for the legacy of the founder of the company, for the staff, for the best vertically integrated supply chain of all the supermarkets and for shoppers like me who really like the stores and their own brand range.

Let the asset stripping and cost cutting begin!

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I’m relatively new to investing, but can anyone tell me what happens to Morrisons shares when the private equity company takes over?

I agree it’s very sad what’s happening, I worked for Morrisons as a Manager for 10 years, I left in 2018, very fare company, well paid jobs, full time shop floor staff salary 21k that’s excluding 2 x bonus.

@Poloplumz you’ll get the agreed share price buy out as cash back to you…

Thank you for taking the time to explain

Currently Trading at £2.92 which is more than the potential takeover bid.

Worth buying in?

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I suspect you’ve probably missed the boat on this. I wouldn’t buy in now but ultimately the decision is yours as I can’t offer financial advice.

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I sold my Morisons earlier in this bidding scenario for £2.68 a pop, so if I’d held on longer I could have taken more profit, however my reason for selling was to buy Sainsbury’s which is now being targeted as a take over opportunity so it’s all gravy right now…

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https://www.google.com/amp/s/amp.theguardian.com/business/2021/sep/05/bidders-enthusiasm-for-morrisons-unlikely-to-be-dampened-by-results