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Morrisons’ biggest shareholder ‘inclined’ not to back takeover bid

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Move could be at risk as Silchester Asset Management indicates it’s unlikely to support Fortress plan

A planned £6.3bn takeover of Morrisons could be at risk after the supermarket’s largest shareholder said they were likely to turn it down.

Silchester Asset Management, which owns a 15% stake in the UK’s fourth largest supermarket, said it was “not inclined to support” the 252p a share bid from a consortium led by US investment group Fortress backed by the billionaire Koch family.

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