LONDON (AP) — Morrisons, the U.K.’s fourth-largest supermarket chain, has accepted a 6.3 billion-pound ($8.7 billion) takeover bid from a group of buyers led by Fortress Investment Group. The deal comes as investment firms look for opportunities in Britain, where the country’s departure from the European Union and the COVID-19 pandemic have weighed on share prices. Just last month, Morrisons rejected an unsolicited offer of 5.5 billion pounds from New York-based Clayton, Dubilier & Rice, saying the bid undervalued the company.
