Morrisons stock up 30% after takeover rejection
Shares of Wm Morrison Supermarkets plc surged over 30% on Monday after the company reported it rejected a £5.5 billion acquisition bid from Clayton, Dubilier & Rice.
On Saturday, the United Kingdom’s fourth-largest supermarket chain stated that the offer undervalued its worth.
Morrisons was traded 30.62% in the green at 9:27 am CET, selling for £233.20.
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