Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Singapore's GIC joins Fortress bid for UK supermarket Morrisons

07/28/2021 | 05:52am EDT
FILE PHOTO: The logo for Singapore sovereign wealth fund GIC Pte Ltd, is seen on a building in Singapore

LONDON (Reuters) - Singapore's sovereign wealth fund has joined the Fortress-led private equity consortium making a recommended offer for the British supermarket group Morrisons, the companies said on Wednesday.

Britain's fourth largest supermarket has agreed to a takeover led by SoftBank-owned Fortress Investment Group, valuing it at 6.3 billion pounds ($8.8 billion). Two other private equity groups, CD&R and Apollo, have also shown interest.

However the Fortress-led group may still have more work to do after Morrisons' biggest shareholder, Silchester, said on Tuesday it was not inclined to support the deal because there was little in the offer that could not be achieved as a listed company.

Silchester owns a 15.14% stake in Morrisons. The offer agreement includes a scheme of arrangement with a 75% hurdle for shareholder acceptance and squeeze out.

GIC, Singapore's sovereign wealth fund, holds around 0.21% of the issued share capital of Morrisons.

($1 = 0.7202 pounds)

(Reporting by Kate Holton, Editing by Paul Sandle and Sarah Young)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) -1.00% 6486.843 Real-time Quote.12.58%
SOFTBANK GROUP CORP. 1.82% 6661 End-of-day quote.-17.34%
WM MORRISON SUPERMARKETS PLC 0.19% 292.8 Delayed Quote.64.70%
All news about SOFTBANK GROUP CORP.
03:44aEvergrande woes hit Japan's toilet, air-conditioner and paint manufacturers
RE
02:54aJapan Stocks Fall on Tuesday Closing; SoftBank Drops 5%
MT
02:48aJapan shares end lower on Evergrande woes, bargain-buying limits losses
RE
12:01aSoftBank leads $680 million funding round in NFT fantasy soccer game Sorare
RE
09/20Japanese shares fall on Evergrande jitters; bargain-hunting limits losses
RE
09/20Elliott Management Reduces SoftBank Group Stake, New York Post Reports
DJ
09/20India's Cars24 valuation nearly doubles after $450 mln raise
RE
09/17VC DAILY : Question: What's Top of Mind for VCs as the Fourth Quarter Approaches?
DJ
09/17ARES MANAGEMENT : Makes $150 Million Preferred Equity Investment in Inter Miami
MT
09/17COUPANG : SoftBank Unit Sells About $1.69 Billion of South Korean Coupang Stake
MT
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 55 220 M 55 220 M
Net income 2022 1 310 B 11 975 M 11 975 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 9,15x
Yield 2022 0,66%
Capitalization 10 842 B 99 040 M 99 120 M
EV / Sales 2022 4,28x
EV / Sales 2023 4,05x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 661,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 57,8%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-17.34%104 235
AT&T INC.-5.39%194 276
T-MOBILE US-6.84%156 782
KDDI CORPORATION26.39%79 646
AMÉRICA MÓVIL, S.A.B. DE C.V.24.84%58 864
VODAFONE GROUP PLC-5.62%43 049