Morrisons takeover a concern?

[Muck Spreader]

As another UK company looks likely to be sold to dubious private foreign investors/asset strippers, should the government take action to stop it. Or will it suffer the same fate as as one of the UK's flagship defence companies Cobham, which has been asset stripped and moved to the USA within 18 months, despite government assurances that this wouldn't happen.

Who are the American investors making a move on Morrisons?

£6.3bn bid is led by Majestic Wine controller Fortress, with junior partner Koch Industries

www.theguardian.com

Rapid break-up of Cobham fuels debate over private equity in UK

Advent’s disposals shrink defence stalwart’s British footprint amid alarm over power of buyout groups

www.ft.com

 

[bobk]

They're very misguided if they think this is an asset stripping operation , it needs improving , badly .

 

[Stuart J]

They're very misguided if they think this is an asset stripping operation , it needs improving , badly .

Why? Morrisons have a lot of assets.

 

[bobk]

Why? Morrisons have a lot of assets.

That's why there's interest .

 

[Devil's advocate]

That's why there's interest .

Two posts totally contraditory, maybe best to keep quiet.

Sad day Morrison's sold to foreign buyer. Old Ken would be heart broken. Used to drive his own wagon to wholesalers back in the 60's & visit local farms buying produce.

 

[bobk]

Two posts totally contraditory, maybe best to keep quiet.

Sad day Morrison's sold to foreign buyer. Old Ken would be heart broken. Used to drive his own wagon to wholesalers back in the 60's & visit local farms buying produce.

Not contradictory at all , put your glasses on .

 

[Renaultman]

I am pretty much gutted, had shares since they went in to buy Safeway, in the hopes they would fail and take the proper Morrison's ethos into the South of the country.
Sad times

 

[Pasty]

When they sell you a 'Hunter's Chicken meal' which apparently serves 4 and includes 95% potato and some sauce and very little chicken, they deserve to fail. Bye.

 

[primmiemoo]

When they sell you a 'Hunter's Chicken meal' which apparently serves 4 and includes 95% potato and some sauce and very little chicken, they deserve to fail. Bye.

Chicken Chasseur is dead easy in a slow cooker.

 

[DrWazzock]

When they sell you a 'Hunter's Chicken meal' which apparently serves 4 and includes 95% potato and some sauce and very little chicken, they deserve to fail. Bye.

That’s why they call it Hunters Chicken. You have to hunt for the chicken amongst the potato.

 

[le bon paysan]

Chicken Chasseur is dead easy in a slow cooker.

Mrs lbp loves her slow cooker. Great for Sanglier / venison as well. Makes a great rice pudding

 

[Ball acre]

Morrisons’ biggest shareholder rejects takeover bid (foodmanufacture.co.uk)

 

[betweenthelines]

Heard today from a very reliable source that Morrisons stopped paying some very large bills (transport related) in January. The debtor thinks this is just to make the balance sheet look better.

 

[capfits]

They had shortened their payment terms during covid.
Perhaps extending them again for the cash flow reasons?