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Fashion Jobs
L'OREAL GROUP
Sap Sales Distribution & Business Analyst
Permanent · Ho Chi Minh City
PUMA
Manager Product Line Sportstyle Footwear
Permanent · Ho Chi Minh City
H&M
Area Manager - Vietnam
Permanent ·
L'OREAL GROUP
Key Account Executive - Drugstore Channel
Permanent · Ho Chi Minh City
PHV
Manager, Quality Assurance – Process Engineer
Permanent · Ho Chi Minh City
H&M
Security/ Compliance Manager
Permanent · HO CHI MINH CITY
PHV
Manager, Merchandising
Permanent · Ho Chi Minh City
L'OREAL GROUP
Online Brand Manager - Vichy & la Roche Posay
Permanent · Ho Chi Minh City
L'OREAL GROUP
Social Manager - Consumer Product Division
Permanent · HO CHI MINH CITY
H&M
Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Times City, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực hà Đông, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Gia Lâm - hà Nội
Permanent · HANOI
NIKE
Nhân Viên Vận Hành Máy ép Nhựa (Đồng Nai)
Permanent · Ho Chi Minh City
By
Reuters API
Published
Aug 6, 2021
Reading time
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Morrisons agrees to raised £6.7bn offer from Fortress

By
Reuters API
Published
Aug 6, 2021

British supermarket group Morrisons has agreed to an improved takeover offer worth £6.7 billion ($9.3bn) in cash from a consortium led by Softbank-owned Fortress Investment Group, it said on Friday.


Photo: Sandra Halliday



The new Fortress offer comprises 270p per Morrisons share plus a 2p a share special dividend, and is aimed at warding off a possible counter offer by US private equity group Clayton, Dubilier & Rice (CD&R).

"[Fortress] remains committed to becoming the new owner of Morrisons and to being a responsible long-term steward of this great British company through the next stage of its evolution," it said. Morrisons said its board had re-confirmed its unanimous recommendation of the offer.

The board of the company that also owns the Nutmeg clothing brand had previously agreed a Fortress offer worth 254p a share or a total of £6.3 billion on July 3. However, major Morrisons investors Silchester, M&G and JO Hambro all indicated that offer was too low.

CD&R had a 230p a share proposal worth £5.52 billion rejected by Morrisons on June 17.

Britain's Takeover Panel, which regulates corporate takeovers, has set an August 9 deadline for CD&R to come back. Shares in Morrisons were up 2.5% at 278.75p by 10:55 GMT - a premium to the latest offer - on hopes that it will.

Shareholders in Morrisons are due to vote on the Fortress bid on August 16.

To pass, the offer needs the support of shareholders representing at least 75% in value of voting investors at the meeting. Analysts have speculated that Amazon, which has a partnership deal with Morrisons, could still enter the fray.
 

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