Offer would trump £6.3bn bid from US consortium Fortress, which grocer’s board has recommended
The private equity group Apollo has joined the battle to buy Morrisons after it said it was considering making an offer for the UK supermarket chain that could trump an existing £6.3bn bid for the supermarket by rival US investors.
Apollo became the third potential suitor to declare its interest in Morrisons, announcing to the stock exchange on Monday that it was “in the preliminary stages of evaluating a possible offer for Morrisons”.
