Morrison Supermarkets plc Sandell Asset Management acquire stake in the company - UK press
- Though not formally disclosed, Sandell's stake is said to be under 3%.
- Morrisons is currently under pressure from Elliott Management to spin-out the majority of property assets into another company; unlike competitors Tesco and Sainsbury, Morrisons owns 90% of its stores.
- Morrisons is set to provide an update for shareholders in March.