Wm Morrison could attract bid from Aldi
Aldi, a German discount supermarket group, could be mulling a takeover bid for the listed UK-based Wm Morrison Supermarkets, The Independent reported. The newspaper’s market report section did not cite a source for the speculation.
A market report in the Daily Telegraph also mentioned speculation regarding Aldi’s possible interest in Wm Morrison. The report cited traders for the gossip, but added that dealers dismissed the rumour and that the speculation had died down by yesterday lunchtime.
Wm Morrison’s share price closed 5.7p up at 179.1p in London yesterday, 14 January, giving the company a market capitalisation of GBP 4.18bn (EUR 5.40bn).
Independent, Daily Telegraph