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Income Boosters: takeover news and a 7.7% yield
Our Income Boosters high yield portfolio has continued to make steady progress through the quieter summer months. Updates this week include the latest from a takeover battle and the latest news on a worrying legal situation.
Morrisons: bidding war approaches climax
The private equity bidding war for Wm Morrison Supermarkets (LON:MRW) is nearing a conclusion. The UK's third-largest supermarket has enlisted the help of the Takeover Panel to conduct an auction and secure final offers from the two remaining bidders.
The situation at the time of writing is that Morrisons agreed a cash offer of 272p per share from a consortium led by Fortress on 6 August. This was then trumped…
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