NEWPORT, WALES, UNITED KINGDOM – 2021/01/09: A shopper seen pushing her groceries outside Morrisons supermarket in Wales.
May James/SOPA Images/LightRocket via Getty Image
WM Morrison, Britain’s fourth-largest supermarket chain, could be about to become the target of an international bidding war.
Apollo Global Management announced Monday it was mulling a rival bid for the retailer after it agreed an $8.7 billion takeover deal with SoftBank-owned Fortress Investment Group.
In a statement, Apollo said it was in the preliminary stages of evaluating a potential bid but had yet to approach Morrisons’ board.
On Saturday, the board recommended a 254 pence per share ($3.52 per share) cash offer…