Morrisons to be sold off at auction this weekend in £7 billion takeover battle
There are big changes on the horizon for Morrisons…
The fight to buy Morrisons will be taken to auction this weekend, the supermarket chain has confirmed.
Private equity giants Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group have been battling it out for the supermarket for the last few months, but will go head-to-head in a one-day auction this weekend on October 2nd to settle the matter for good.
CD&R started its pursuit of Morrisons, which is Britain’s fourth largest supermarket, back in June, making it the first company to offer a deal.
Fortress then offered a massive £6.3 billion a month later in July.
However, shareholders felt offer was too low and Fortress, owner of Majestic Wines, returned a month later with an increased offer of £6.7billion, which the board accepted. But not one’s to back down, CD&R returned with an increased bid of £7billion later that month, which the board accepted.
Given that neither bidder had declared its offer final, however, the parties have since agreed to partake in an auction process to settle the outcome.
But what will the sale mean for the future of Morrisons?
While experts have warned that Morrisons could be ‘broken up’ if sold, CD&R said it ‘will support Morrisons in further building on these strengths’ and suggested it had no plans to sell off its freehold stores, according to The Mirror.
Morrisons was founded as an egg and butter market in Bradford by William Morrison in 1899. It grew into a full-fledged supermarket and stayed local to the North of England until it bought out the former Safeway stores in 2004.
Now it has almost 500 supermarkets across England, Wales and Scotland, and even one in Gibraltar.
As well as the supermarkets, Morrisons also owns petrol stations, food factories and depots, and employs over 100,000 members of staff.
The hunt for the UK’s messiest car is on with a £200 prize for the winner
I’m lost for words at some of these!
Drivers across the country have been sharing pictures of their messy car interiors to win a competition.
The shameless and grubby lot have been submitting their entries for a chance to win a £200 Amazon voucher. It is part of a nationwide search to find the UK’s messiest car owner by vehicle service provider, ATS Euromaster.
Photographs show dirty seats, footwells piled with litter, boxes, empty packets of food and drinks, and used face masks — you might want to don some clean PPE to look at these!
Here is a selection of the best entries so far, but the competition remains open until June 11th.
Mel Crumpton, 57, from Benfleet shared this chaotic photo of litter overflowing from the passenger footwell in her Ford Fiesta.
Mel might need more than a few bin bags to clear this mess.
Rachel Hughes, 38, from Malmesbury submitted this photo of dirt and rubbish covering the back of her BMW 320D.
The poor passengers will be wishing they took the bus instead.
Satvinder Billa, 42, from Leicester shared how the front passenger area has a second purpose in this Honda Jazz.
I’ve seen tidier looking dustbins to be honest.
Helena Sperring, 30, from Shropshire revealed she likes to use her Peugeot 107 as extra storage.
Maybe she just doesn’t have room for it anywhere else?
Alison Wilkie, 56, from Harleston also uses the footwell in her Toyota Yaris as a rubbish bin.
Face masks and rubber gloves! Well, at least this mess is contained to just one footwell.
If you have a pigsty of a car, and would like to win £200 in Amazon vouchers, you can can enter the competition by clicking here.
Mars Bars to trial new paper wrappers from today
It’s available in the paper packaging at Tesco stores from today
Mars Bars will change to new paper wrappers for a trial period in Tesco stores from today (Tuesday May 30th).
Mars Incorporated confirmed switching from its traditional plastic wrapping to an environmentally-friendly paper packaging for a trial run.
The chocolate bars will be available in Tesco for a limited time while the company explores different packaging options in a move to become more Sustainable in a Generation plan.
Mars is investing hundreds of millions of pounds to ensure it meets its goal of reducing use of virgin plastics by a third in the short-term.
This includes using less plastic, recycled plastic and plastic alternatives. Once the pilot is over, it said it will use what it has learnt to inform other trials.
Richard Sutherland-Moore, packaging expert at Mars Wrigley UK’s research and development centre in Slough, said: “We are exploring different types of alternative packaging solutions for our confectionery products.
“For Mars bar, the challenge was to find the right paper packaging solution with an adequate level of barrier properties to protect the chocolate whilst guaranteeing the food safety, quality and integrity of the product to prevent food waste.”
Adam Grant, general manager at Mars Wrigley UK, said: “With our Mars bar pilot project, we are taking a big step to see how paper-based packaging works in everyday life.
“From the test, we will derive insights for our sustainable packaging strategy.
“While challenges may impact the pace of progress towards our vision, we at Mars Incorporated are committed to scaling up viable solutions where recycling options exist, and to test, learn, partner and advocate where they don’t.”
Piers Morgan and TikToker who went in stranger’s homes get into heated argument live on air
‘It was a trend. I just done it for a trend’
Piers Morgan and a TikTok prankster got into a heated argument during an interview live on air.
The TikToker known as ‘Mizzy’ called Piers Morgan a ‘moron’ during the bizarre and heated interview on the Piers Morgan Uncensored show, on Wednesday May 14th — just hours after his sentencing.
Mizzy — real name Bacari-Bronze O’Garro — and Morgan got into a spat while live in the studio. As the pair continued to interrupt each other throughout, Morgan listed the numerous extreme ‘moronic’ pranks O’Garro has carried out.
O’Garro is the person behind a series of notorious viral videos including stealing a woman’s dog, ripping up library books and jumping into strangers’ cars.
The 18-year-old was also said to have put a family ‘at risk’ by walking into their home pretending he was trying to find a study group, a court heard.
When Morgan asked why he would choose to cause ‘so much alarm and distress to so many people’, O’Garro replied: “This whole public uproar just makes me laugh because people are getting hurt over something that didn’t happen to them and that’s how I see it as.”
Morgan went on: “You go up and take a dog from an elderly woman, you leapfrog over the top of an orthodox Jewish man standing at the side of the road minding his business.
“You go up to women in the street and say, ‘do you want to die?’”
At one point the Talk TV presenter then asked: “A lot of the stuff that you do could have consequences far more serious but you don’t care do you, as long as you get a laugh?”
O’Garro replied: “Of course I care… I have remorse.” On why he pulled the pranks for social media, he said: “It was a trend. I just done it for a trend.” He then said he is his ‘own person’ and ‘I am legally an adult now so I can do what I want’.
The pair called each other ‘idiots’, and Morgan ended the interview by saying: “You’re just a complete moron.” Adding: “For the record, he wasn’t paid for this.”
O’Garro appeared at Thames Magistrates’ Court on Wednesday (May 24th) and admitted failing to comply with a community protection notice. He was fined £200 and will have to pay an £80 surcharge with £85 in prosecution costs.
The teenager, from Hackney, east London, was also issued with a criminal behaviour order, for a period of two years, which means he can never upload a video again without the permission of all those appearing in it.
The CBO also prohibits him from ‘trespassing into any private property, including residential homes, business properties, school and retail outlets’, and ‘attending Westfield Stratford City.’
Detective Chief Superintendent James Conway said: “The CBO issued is a powerful measure designed to prevent behaviour which has caused alarm and distress to our communities.
“If the conditions are breached, at any point over the two year period, a custodial sentence can result.”