Morrisons, a supermarket group, agreed to acquire McColl's, a convenience shop and newsagent operator. Financial terms were not disclosed. “Although we are disappointed that the business was put into administration, we believe this is a good outcome for McColl’s and all its stakeholders. This transaction offers stability and continuity for the McColl’s business and, in particular, a better outcome for its colleagues and pensioners," David Potts, Morrisons CEO.