Singapore Wealth Fund Joins Fortress’s Bid for Morrison

Bloomberg2021-07-29

(Bloomberg) -- Singapore’s sovereign wealth fund is joining Fortress Investment Group’s 6.3 billion-pound ($8.8 billion) bid for Wm Morrison Supermarkets Plc as the battle for Britain’s fourth-largest...

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Soksok
2021-07-29
Soksok
Good
LuckyLucky
2021-07-29
LuckyLucky
...
- LuckyLucky:
  ..
- LuckyLucky:
  ..
Caro2020
2021-07-29
Caro2020
SG sgd
vinitino
2021-07-29
vinitino
Good
sunshinetam
2021-07-29
sunshinetam
Ok
- sunshinetam:
  Ok
2a7af1ca
2021-07-29
2a7af1ca
What a great read. Provide great idea on the market right now! Thanks for the article

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It will purchase a 3% stake for 100 million pounds ($139 million) to help finance what could be Britain’s largest take-private deal in a decade. About 51% of the roughly 3 billion pounds of equity needed to fund the takeover will come from Fortress with CPP providing 31% and the real estate arm of Koch Industries providing 15%.\nHSBC Holdings Plc and Royal Bank of Canada are providing debt funding. Apollo Global Management Inc., another private equity group, said last week it was considering joining forces with Fortress, meaning there could potentially be a fifth equity investor in the consortium.\nThe move by GIC comes just a day after Morrison’s largest shareholder, Silchester International, voiced opposition to Fortress’s offer of 254 pence-a-share, including a dividend. 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a great read. Provide great idea on the market right now! Thanks for the article&nbsp;","listText":"What a great read. Provide great idea on the market right now! Thanks for the article&nbsp;","text":"What a great read. Provide great idea on the market right now! Thanks for the article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801574434","repostId":1143039752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":54,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143039752"}