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Announced

Morrisons to acquire McColl's.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Diversified Retailers

Majority

Friendly

Domestic

Private

Acquisition

Pending

Single Bidder

United Kingdom

convenience store

Synopsis

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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.

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