Morrisons being bought out .

[bobk]

Not surprised , Sir Ken will be turning in his grave , total shower .

Morrisons rejects £5.5bn offer from US private equity firm

The UK supermarket says the offer from Clayton, Dubilier & Rice "significantly undervalues the business".

www.bbc.co.uk

 

[M-J-G]

Have you actually read the article?

 

[serf]

Was thinking same , thought it said turned down offer, unless they will up the offer

 

[roscoe erf]

Have you actually read the article?

don't let the facts spoil a good story

 

[bobk]

Have you actually read the article?

Nope , but they'll go .

 

[Skintagain]

If it’s got so far it’s already in motion.

of I had got to offer stage with my place I would have already made the decision what was going to happen

 

[capfits]

Not surprised , Sir Ken will be turning in his grave , total shower .

Morrisons rejects £5.5bn offer from US private equity firm

The UK supermarket says the offer from Clayton, Dubilier & Rice "significantly undervalues the business".

www.bbc.co.uk

@bobk are you the new financial analyst for GBN?

With ASDA being bought out by a pretty geared business and now MRW being looked at by private equity is this about selling capital assets and milking the balance sheet.
MRW is pretty unique in having a lot of processing in house, what plans may a new owner have for this?

 

[bobk]

@bobk are you the new financial analyst for GBN?

With ASDA being bought out by a pretty geared business and now MRW being looked at by private equity is this about selling capital assets and milking the balance sheet.
MRW is pretty unique in having a lot of processing in house, what plans may a new owner have for this?

Your guess is as good as mine , but at the mo the retailing side is a total sh!t show .

 

[Nearly]

The Morrison family have been backing away from the supermarket for some years.
No-one can touch land round here if they want it.

 

[Poorbuthappy]

The Morrison family have been backing away from the supermarket for some years.
No-one can touch land round here if they want it.

There's a thought - getting out of supermarket retail and into farming. Not what the collective on here generally suggests.

 

[Nearly]

Rollover
No IHT
Horse breeding
Shooting
Other land based businesses

They ain't daft.

 

[How much]

i am under the impression Morrison are actually supplying and delivering the food for amazon on line food operation and in our area there is now loads of Morrison food delivery trucks that have just come from nothing pretty much overnight and lets face it buying a network of "local food warehouse's" ( morrison stores ) to amazon would be pretty much pocket money i think if it where sold amazon would be a likely buyer

 

[M-J-G]

Nope , but they'll go .

I just thought it an odd title for a thread to suggest the chain was bought out and attaching an article that states that they haven't.
But since you haven't read the article, it explains why.

 

[Hilly]

The Morrison family have been backing away from the supermarket for some years.
No-one can touch land round here if they want it.

They bought the old adas research farm at Redesdale up here as well .

 

[delilah]

There's a thought - getting out of supermarket retail and into farming. Not what the collective on here generally suggests.

Slight flaw in that line of thought; you need to first have screwed farming via supermarket retailing in order to be able to afford to go farming.
Ref the OP, it doesn't really matter whether it's a finance house, or entrepreneurial brothers a la ASDA, it's just shuffling deckchairs.

 

[Hilly]

Slight flaw in that line of thought; you need to first have screwed farming via supermarket retailing in order to be able to afford to go farming.
Ref the OP, it doesn't really matter whether it's a finance house, or entrepreneurial brothers a la ASDA, it's just shuffling deckchairs.

They didn’t screw farmers when Ken was at the wheel , I used to sell
Them cattle and they were always the highest bidder I don’t call that screwing farmers , call it helping them .

 

[delilah]

They didn’t screw farmers when Ken was at the wheel , I used to sell
Them cattle and they were always the highest bidder I don’t call that screwing farmers , call it helping them .

And now they own the abattoir, and will be on the way towards having the beef produced on contract by a small handful of finishers, a la pigs and poultry. They have no choice if they wish to hang on in there with the cartel.

 

[Hilly]

And now they own the abattoir, and will be on the way towards having the beef produced on contract by a small handful of finishers, a la pigs and poultry. They have no choice if they wish to hang on in there with the cartel.

Yes but Ken’s not at the wheel anymore , I stopped selling to them at that point because I don’t want to get screwed , if a farmer wants to get screwed which many seem to the way they market their stock that’s up to them .... lambs to the slaughter so to speak ... farmer s moan about farming but you know they really are silly they have not worked out that they hold they key to better things just they choose to be passive and be walked over trodden down , subsidy didn’t produce a bussiness man it produced a famer .

 

[delilah]

Yes but Ken’s not at the wheel anymore , I stopped selling to them at that point because I don’t want to get screwed , if a farmer wants to get screwed which many seem to the way they market their stock that’s up to them .... lambs to the slaughter so to speak ...

Trouble is, no farm is an island. We can't simply choose to sell in our own chosen way whilst ignoring what is happening to the industry as a whole, because what is happening to the industry as a whole is cutting off those choices.

 

[Hilly]

Trouble is, no farm is an island. We can't simply choose to sell in our own chosen way whilst ignoring what is happening to the industry as a whole, because what is happening to the industry as a whole is cutting off those choices.

Ofcourse you can choose to sell any way we like , just most take easy option .