Bankers and advisers would net £275m from Morrisons takeover

Documents reveal fees US private equity firm Fortress proposes for financing deal and for broking and legal advice

Bankers and advisers are in line for a £275m payday from the proposed takeover of the British supermarket Morrisons, according to newly published documents.

The US private equity firm Fortress aims to take the retailer private by 26 August if it receives shareholder backing for the £6.2bn takeover, a timetable published on Thursday said.

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from The Guardian https://ift.tt/3xZmeHl