What is the current valuation of Morrisons in the takeover bid?

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Morrisons Valuation in Takeover Bids

The recommended takeover bid for Morrisons, led by SoftBank-owned Fortress Investment Group, values the company at £6.3 billion (US$8.7 billion). This figure represents the latest offer that the Morrisons board has recommended to its shareholders.
Fortress Investment Group's Recommended Offer

The consortium led by Fortress Investment Group, which also includes Canada Pension Plan Investment Board and Koch Real Estate Investments, proposed a valuation of £6.3 billion for Morrisons. This offer was formally recommended by the Morrisons board, chaired by Andrew Higginson, on Saturday. The bid from Fortress surpassed a previous unsolicited offer.
Clayton, Dubilier & Rice's Unsolicited Proposal

Prior to the Fortress bid, US private equity firm Clayton, Dubilier & Rice (CD&R) had made an unsolicited proposal. This offer valued Morrisons at £5.52 billion, but it was subsequently rejected by the supermarket's board on June 19. CD&R has until July 17 to submit a firm offer under British takeover rules.
Investor Expectations and Share Performance

While the Fortress deal values the company at 254 pence per share, Morrisons' shares were trading at 267.3 pence, an increase of 11.4 per cent. This suggests that investors anticipate higher offers to emerge. One significant shareholder, JO Hambro, which is among the top 10 investors, had previously indicated a desired valuation of £6.5 billion, exceeding the Fortress offer.

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What is the current valuation of Morrisons in the takeover bid?

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