Small syndicates for Morrisons bids open possibility for rival offers
by Silas Brown
July 05, 2021 03:30 PM
Only HSBC and RBC Capital Markets are underwriting Fortress’s £9.5bn bid to take UK supermarket chain Morrisons private, while only Morgan Stanley is advising Apollo on its potential rival bid. This leaves plenty of scope for other banks to team up with sponsors to make rival offers.
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