Saturday, July 24

Apollo may join forces with Fortress for Morrisons bid


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LONDON — Apollo Global Management is in talks to join a consortium led by Fortress Investment Group which has agreed a takeover of British supermarket group Morrisons, it said on Tuesday.

Apollo said it does not intend to make an offer for Morrisons other than as part of the Fortress-led consortium.

Morrisons backed a 6.3 billion pound ($8.6 billion) offer from SoftBank-owned Fortress earlier this month. ($1 = 0.7322 pounds) (Reporting by James Davey, Editing by Paul Sandle)



financialpost.com

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