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Morrisons shareholders shrug off Covid concerns

Share price unmoved despite profit decline
Morrisons shareholders shrug off Covid concerns

• Board recommends CD&R's 285p per share offer

• Bidding process expected to run until late October

A rough first half for supermarket chain Wm Morrison (MRW), complete with gathering logistical problems, would be the sort of thing that might normally dent its share price, but given the ongoing battle to buy the business between a pair of US private equity groups, it barely budged.

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