Morrisons share price up 11% on bid activity
Shares in the UK supermarket group were up over 11% today - 34-month highs - after news of a possible bidding war surfaced. Morrisons had approved an offer of 254p a share from Majestic Wine owner, Fortress Investment.

However, US equity house Apollo now says it may also be interested in making a bid for William Morrison. Having lost out last year in its attempts to buy rival Asda, Apollo says it is formulating a response.
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