Home Business News Morrisons shares spike as founding family "sounds out" PE buy-out  

Morrisons shares spike as founding family "sounds out" PE buy-out  

by LLB Reporter
12th Feb 14 10:50 am

The family that founded Wm Morrison Supermarkets – known to shoppers as Morrisons – has reportedly been talking to private equity firms about taking the listed company private.

Shares have leapt up more than 5% following the news, which was reported by Bloomberg citing people close to the matter.

Morrisons has apparently been in contact CVC Capital Partners and Carlyle Group, among others.

The Morrisons founding family holds around 9-10% of the company, Bloomberg reported.

It has struggled to find a buyer because of the size of the deal – it would be valued at more than £7bn – and because sales have been slow.

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