Morrisons share price soars as third bidder considers takeover bid Business

Richard Hunter of Interactive Investor said: “It is entirely possible, however, that it is not yet the end of the game.

“UK supermarkets in general are engines of cash generation, whose share price gains have been capped by pandemic costs, despite increased sales, making them more attractive on valuation measures. Plus, Morrisons largely owns his estate freehold, adding another sweetener to any potential purchase. “