A report in today’s Observer claims Morrisons is about to face a £6 billion takeover approach from a consortium of private equity firms.
The Sunday newspaper reports that a consortium, which comprises Texas Pacific, CVC and Permira, would like to talk to the Bradford-based supermarket chain.
Morrisons has just returned to positive growth after a difficult period as it attempts to integrate the Safeway chain into its fold, registering a six per cent increase in sales for the 16 weeks to May 21.
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