Fortress has urged Morrisons’ shareholders to “take no action” following an improved rival offer from Clayton Dubilier & Rice.
The investment group, backed by the Canadian Pension Plan, said it was “considering its options” in respect of its own offer. It added that it would make a further announcement “in due course”.
CD&R’s increased £7bn bid has been recommended by Morrisons’ board, which had previously recommended Fortress’s £6.7bn offer.
Both bidders have now made pledges to retain the supermarkets 85% of freeholds, and to not pursue sale and leasebacks.
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