Fortress, the US investment company left empty-handed after losing out in the weekend auction of Morrisons, is still looking for other British acquisitions, fanning speculation that Sainsbury’s and Tesco could the next targets for buyout firms.
Joshua Pack, financier at Fortress, said: “The UK remains a very attractive investment environment from many perspectives and we will continue to explore opportunities to help strong management teams grow their businesses and create long-term value.”
Private equity giant Clayton, Dubilier & Rice emerged victorious from a three-month bidding war for the supermarket chain over the weekend with its £7bn bid.
CD&R’s 287p per share offer trumped the 286p offer tabled by Fortress.
Shareholders will vote on the deal on 19 October.
