Slaughter and May is advising Oppidum Bidco Limited on its recommended cash offer for Morrisons

Slaughter and May is advising Oppidum Bidco Limited (Bidco), a company indirectly owned by funds managed or advised by affiliates of Fortress Investment Group, LLC, on its recommended cash offer for Wm Morrison Supermarkets PLC (Morrisons) which was announced on 3 July 2021. Under the terms of the offer, Morrisons shareholders will be entitled to receive 254 pence for each Morrisons share comprising 252 pence in cash from Bidco and a 2 pence cash dividend to be paid by Morrisons. The offer values the entire issued and to be issued share capital of Morrisons at approximately £6.3 billion on a fully diluted basis.