What restaurants are open July 4th? Starbucks, McDonald’s, Chipotle (plus Panera is giving away free bagels)

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USA TODAY 04 July, 2021 - 02:18am 19 views

Who bought Morrisons?

Supermarket chain Morrisons has accepted a £6.3bn ($8.7bn) takeover bid by a US investment group led by the owner of Majestic Wine. Last month, the supermarket group turned down an offer worth £5.5bn from a different firm, saying it had significantly undervalued the business. bbc.comMorrisons: Supermarket agrees £6.3bn takeover

Chipotle, Starbucks, McDonald's, Panera and Dunkin' will be open Fourth of July, along with Waffle House and most restaurants. But call and confirm.

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For the remainder of 2021, anyone who shows their COVID-19 vaccination card at Krispy Kreme will receive a free original glazed donut. USA TODAY

If you're not firing up the grill for Independence Day 2021 – or are in need of a caffeine fix – most restaurants are open for the holiday Sunday.

National chains, including Starbucks, McDonald's, Dunkin' and Chili's, are open, and on-demand services, including Postmates, Grubhub, UberEats and DoorDash will deliver orders Sunday for participating local and national restaurants. You can also check OpenTable for restaurants accepting reservations.

For the first time, P.F. Chang’s says it is closing its restaurants on the July Fourth holiday. Tijuana Flats, a Florida-based chain, also is closed Sunday but traditionally closes on federal holidays. Chick-fil-A restaurants are closed as they are each Sunday.

Numerator, a data and tech company, said its survey found 68% of consumers expect to return to normal holiday celebrations this summer on or by the Fourth of July. However, 8% of consumers said in the survey they planned to go out to eat or for drinks and another 7% said they were bringing food or drinks in.

The Centers for Disease Control and Prevention advises that adults and kids not fully vaccinated should wear a mask indoors and in crowded outdoor spaces. The CDC changed mask guidance for fully vaccinated people on May 13 and major retailers started updating mask policies the next day.

A link has been posted to your Facebook feed.

Panera Bread is scheduled to end its three-day free bagel giveaway Sunday for customers who received a COVID-19 vaccine, and 7-Eleven is giving away free Slurpee drinks to rewards members throughout July. Check to make sure your Panera is open before heading out as some locations are closed for the holiday.

Krispy Kreme's daily free doughnut giveaway for vaccinated customers continues through the end of the year, but the chain also has special patriotic treats.

Chipotle Mexican Grill will offer a COVID-19 incentive on July 6 from 3 p.m. to closing time at participating restaurants nationwide with the purchase of an entree.

Check with your closest location to confirm they are open and to find out holiday hours. Some locations will be closed as it is often a franchisee decision on whether to open for holidays.   

© 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC.

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Britain's Morrisons agrees $8.7 bln takeover by Fortress-led group

Reuters 04 July, 2021 - 01:55pm

The offer from Fortress, along with Canada Pension Plan Investment Board and Koch Real Estate Investments, exceeds a 5.52 billion pound unsolicited proposal from Clayton, Dubilier & Rice (CD&R), which Morrisons (MRW.L) rejected on June 19. read more

However, it was less than the 6.5 billion pounds asked for by top 10 Morrisons investor JO Hambro last week. read more

Shareholders will get to vote on the Fortress offer, which gives the supermarket chain an enterprise value of 9.5 billion pounds once its net debt of 3.2 billion is taken into account.

Under British takeover rules CD&R has until July 17 to come back with a firm offer. CD&R declined to comment.

Analysts have also speculated that other private equity groups and Amazon (AMZN.O), which has a partnership deal with Morrisons, could enter the fray in a potential bidding war.

The Fortress deal underlines the growing appetite from private funds for British supermarket chains, which are seen as attractive because of their cash generation and freehold assets.

"We have looked very carefully at Fortress' approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper with over 110,000 colleagues and an important role in British food production and farming," said Morrisons Chairman Andrew Higginson.

"It's clear to us that Fortress has a full understanding and appreciation of the fundamental character of Morrisons."

Fortress, an independently-operated subsidiary of Japan's SoftBank Group Corp, is a global investment manager with about $53 billion in assets under management as of March. It purchased British wine seller Majestic Wine in 2019.

"We are committed to being good stewards of Morrisons to best serve its stakeholder groups, and the wider British public, for the long term," said managing partner Joshua A. Pack.

But Britain's opposition Labour Party called for close scrutiny from the government.

"Ministers must urgently work with Morrisons and the consortium to ensure that crucial commitments to protect the workforce and the pension scheme are legally binding, and met," said Labour's spokeswoman on business Seema Malhotra.

Fortress intends to retain Morrisons' Bradford, northern England, headquarters and its existing management team led by CEO David Potts and execute its existing strategy. Material store sale and leaseback transactions are not planned.

Potts would make 9.2 million pounds by selling his shares to Fortress, while chief operating officer Trevor Strain would pocket 3.6 million pounds.

Under the terms of the deal, which Morrisons' board is recommending to shareholders, investors would receive 254 pence a share - 252 pence in cash and a 2 pence special cash dividend. CD&R's proposal was 230 pence a share.

Morrisons started out as an egg and butter merchant in 1899. It now only trails UK market leader Tesco (TSCO.L), Sainsbury's (SBRY.L) and Asda in annual sales.

Morrisons owns 85% of its nearly 500 stores and has 19 mostly freehold manufacturing sites. It is unique among British supermarkets in making over half of the fresh food it sells.

It said the Fortress offer represented a premium of 42% to its closing share price of 178 pence on June 18 - the day before CD&R's proposal. The stock closed at 243 pence on Friday.

Morrisons said an initial unsolicited proposal was received from Fortress on May 4 at 220 pence a share. This offer was not made public. Fortress then made four subsequent proposals before it offered a total value of 254 a share on June 5.

The bids for Morrisons follow February's purchase by Zuber and Mohsin Issa and private equity firm TDR Capital of a majority stake in Asda from Walmart (WMT.N). The deal valued Asda at 6.8 billion pounds. read more

That transaction followed Sainsbury's failure to take over Asda after an agreed deal was blocked by Britain's competition regulator in 2019.

In April, Czech billionaire Daniel Kretinsky raised his stake in Sainsbury's to almost 10%, igniting bid speculation.

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A $53 Billion U.S. Buyout Firm Leads Morrison Takeover Fight

Yahoo Finance 04 July, 2021 - 01:55pm

Now comes the job of persuading investors, customers and politicians that a foreign private equity takeover of Britain’s fourth-biggest grocery chain is in their interests.

The supermarket operator agreed to a takeover for about 6.3 billion pounds ($8.7 billion) from the consortium led by Fortress Investment Group after turning down a lower bid from Clayton Dubilier & Rice in June. Although even higher offers may still emerge, Morrison is already listing reasons to support Fortress.

“They are backing our management, our strategy and our people,” Chief Executive Officer Dave Potts, 64, told Bloomberg News by phone on Saturday about the private equity group. “Fortress can see the value in the Morrison’s business.”

Potts also did a livestream with some of Morrison’s 113,000 employees to discuss the Fortress offer.

The fight for Morrison highlights continued interest in Britain’s supermarkets following the 6.5 billion-pound buyout of Asda, the U.K.’s third-largest grocer. Private equity investors want to capitalize on the improving fortunes of leading chains after lockdowns triggered a surge of in-store and online grocery spending. A takeover of Morrison will be the largest buyout of a U.K.-listed company in at least a decade, according to data compiled by Bloomberg News.

Morrison rejected CD&R’s all-cash offer of about 5.5 billion pounds three days after receiving it on June 14, but the investor group led by Fortress has been speaking to the grocery company since May and made five offers during the period, people familiar with the matter said.

Announcing its agreement Saturday, the consortium outlined commitments that included maintaining pay and pensions for Morrison’s employees in an attempt to head off political opposition to the deal. U.K. lawmakers have already called on the government to intervene in any takeover for the grocer. Morrison is based in Bradford, West Yorkshire, a longtime Labour Party stronghold where Prime Minister Boris Johnson’s Conservatives made big gains in the most recent national election.

The takeover battle comes at a time of increased scrutiny and media attention over private equity firms snapping up listed companies in the U.K. at a record pace.

Unite, the labor union representing Morrison workers, called for urgent talks with the grocer’s management to seek guarantees on topics including jobs in response to the Fortress buyout.

“We won’t allow another takeover of a strong U.K. business see the workers trampled over as the boardroom and shareholders stampede towards their bonanzas,” Unite said in a statement.

Wes Edens, co-CEO of Fortress, is already an investor in the U.K. as the joint owner of the Premier League soccer club Aston Villa.

Founded by Edens and Randy Nardone in 1998, Fortress has operated independently from SoftBank Group since Masayoshi Son’s conglomerate bought it for $3.3 billion in 2017. The firm counts former Goldman Sachs Group Inc. banker Christopher Linkas and ex-Deutsche Bank AG analyst Rahul Ahuja among its London staff, according to LinkedIn. It has about $53 billion in assets under management.

Others in the consortium to buy Morrison include the Toronto-based Canada Pension Plan Investment Board and the real estate arm of Koch Industries Inc., one of the largest U.S. privately held companies. Chairman/CEO Charles Koch and his extended family have a combined fortune of more than $120 billion, according to the Bloomberg Billionaires Index, and are well known supporters of conservative and libertarian political causes.

HSBC and RBC Capital are advising Fortress and also providing debt funding for the deal.

Morrison hasn’t yet spoken to the government about the Fortress deal but intends to start the process now, a person familiar said. In its statement, the firm said it doesn’t intend to carry out any material sale-and-leasebacks of Morrison almost 500 stores.

By contrast, people familiar with CD&R’s bid last month for Morrison said the firm was interested in sale-and-leasebacks of the grocer’s stores, a strategy that attracted the likes of TDR Group to Walmart’s Asda supermarkets last year.

Morrison’s freehold real estate portfolio is the “bedrock” of its business, said Potts.

“There is nothing I have seen so far that would make me not trust what I have learnt about Fortress and the commitments they are making,” Potts said.

The Fortress-led offer represents a premium of about 42% to the closing price of 178 pence per Morrison share as of June 18, the final day of trading before the start of the offer period.

That’s below the 270 pence per share range some of Morrison’s top investors had been asking for to engage with CD&R, so there is potential for counter-bids. Last month, CD&R was already lining up more financing banks as it considers raising its offer, people with knowledge of the matter said.

CD&R has led two of the ten purchases of U.K.-listed companies this year. The New York-based firm agreed to buy UDG Healthcare Plc in June after a sweetened offer of about 2.8 billion pounds, and in February acquired plumbing business Wolseley UK from Ferguson Plc for 308 million pounds. Officials with CD&R declined to comment on Saturday.

For now, Potts is focusing on the Fortress bid and awaits the response from Morrison shareholders.

“We will see where life takes us now,” he said.

More stories like this are available on bloomberg.com

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A US buyout consortium has agreed a £9.5bn takeover deal of Morrisons as a feeding frenzy for Britain’s biggest grocers intensifies. The supermarket chain said on Saturday that it had sealed a deal with a group of funds led by Fortress, the owner of Majestic Wine, at 254p per share after months of secret talks. The planned sale values Morrisons shares at £6.3bn, and the funds will also take on £3.2bn of debt. Tonight, however, rival buyout firms are preparing for a potential bidding war. The Sun

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SoftBank-Backed Fortress Investment Strikes $8.7 Billion Deal to Buy Morrisons U.K. Grocery Chain

The Wall Street Journal 04 July, 2021 - 01:55pm

New York-based Fortress has joined forces with Canadian Pension Plan Investment Board, and the real-estate arm of Koch Industries, a private conglomerate headed by billionaire Charles Koch, to make the offer of £6.3 billion, equivalent to $8.71 billion.

That sets up a potential bidding war for the U.K.’s fourth-largest grocery-chain operator after it rejected a £5.5 billion takeover proposal last month from U.S. private-equity firm Clayton, Dubilier & Rice.

A Clayton, Dubilier & Rice representative declined to comment Saturday. The buyout firm has said it was considering making a formal offer. It has until July 17 to make that decision.

The Fortress-led deal is worth roughly 42% more than Morrisons’s trading price in mid-June, before Clayton, Dubilier & Rice’s interest in the grocery chain became public.

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UK supermarket chain Morrisons agrees to $8.7b takeover

CGTN 04 July, 2021 - 01:55pm

A Morrisons store is pictured in St Albans, Britain, September 10, 2020. /Reuters

British supermarket giant Morrisons has accepted a takeover offer from a consortium of investment groups following its rejection of a private equity bid last month, the chain announced on Saturday.  

Under the 6.3-billion-pound ($8.7 billion) deal, the group of investors comprising Softbank-owned Fortress, Canada Pension Plan Investment Board and Koch Real Estate Investments will pay 252 pence per share plus a 2 pence special dividend.    

According to the announcement, the deal also includes 3.2 billion pounds in debt, which makes the total operation worth 9.5 billion pounds with debt recovery.   

The takeover of the supermarket chain based in northern England follows the rejection of a 5.5-billion-pound offer in June from Clayton Dubilier & Rice that sent the chain's share prices soaring – but which Morrisons ultimately said was too low.  

Richard Lim, CEO of consultancy Retail Economics, said the announcement "signals the biggest shake-up in the UK grocery sector for over a decade."   

"Success will hinge on the new owners gaining the support of experienced key members of the leadership team to execute on the future strategy," he added, emphasizing the impact of the shift towards online grocery shopping and the growth of rapid delivery on the market.  

These shifts in food shopping began before the pandemic with the online retail giant Amazon entering sector.  

Other conventional supermarkets in the UK, like the German outlet Lidl, have also been under pressure from the rapid changes in online buying.  

Investment in health equipment for employees, changes to stores on top of Brexit disruptions and other logistical obstacles in the pandemic have all affected established supermarkets, Lim explained. 

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Copyright © 2020 CGTN. Beijing ICP prepared NO.16065310-3

Copyright © 2020 CGTN. Beijing ICP prepared NO.16065310-3

Morrison's accepts £6.3billion takeover bid from US investment firm

Daily Mail 04 July, 2021 - 01:55pm

By Jack Newman For Mailonline

Morrisons has agreed a takeover offer from a new US investment group led by the owner of Majestic Wines valuing the British supermarket group at £6.3billion.  

The offer, branded the 'biggest shakeup in the UK grocery sector for over a decade', exceeds the £5.52billion proposal from US private equity firm Clayton, Dubilier & Rice, which Morrisons rejected on June 19, saying it was far too low.

The investors vowed to keep Morrisons' head office in Bradford, keep the management team and said they are 'fully supportive' of the recent pay increase for shop floor staff to £10 an hour. 

Shareholders will receive 254 pence a share, comprising 252 pence in cash and a 2 pence cash dividend as a result of the deal by the trio of private investment groups led by Fortress. 

The deal was struck by Softbank-owned Fortress, Canadian pension fund CPPIB and a unit of Koch Industries, America's largest private company in what will be the UK's biggest private equity deal since the £11billion takeover of Boots in 2007.

Fortress is looking at the UK after Brexit and the pandemic hit share prices meaning UK-listed companies are trading at lower multiples than their US counterparts.  

Koch Industries was started by Fred C. Koch who developed a cracking method to refine crude oil into gasoline.

His four sons, known as the Koch brothers, expanded its interests into chemicals, energy and finance and its total revenue in 2019 totaled £83billion.

The Koch family has been among the biggest donors to the US Republican party since the 1980s and has had a major influence on US politics. 

Fortress has invested in grocery retail in both North America and Europe, and has invested in Majestic Wine in the UK.

In the US, Fortress has invested in the grocery industry, petrol forecourt stations and retail and restaurants.

Morrisons has agreed a takeover offer from a new company owned by funds managed or advised by affiliates of Fortress Investment Group

The deal was struck by Softbank-owned Fortress, Canadian pension fund CPPIB and a unit of Koch Industries, America's largest private company. Pictured: David Koch, right, with older brother Charles, left, on Morning Joe in November 2015

Morrisons, which trails UK market leader Tesco, Sainsbury's and Asda in annual sales, said the offer represents a premium of 42 per cent to its closing share price of 178 pence on June 18 - the last business day before CD&R's proposal.

Shares in Morrisons closed on Friday at 243 pence, valuing the business at £5.8billion.

Fortress is a global investment manager with about £38billion in assets under management as of March. 

Morrisons said an initial unsolicited proposal was received from Fortress on May 4 at 220 pence a share. This offer was not made public. 

Fortress then made four subsequent proposals before its offer reached a total value of 254 a share on June 5. 

According to the announcement, the deal also includes £3.2 billion in debt, which makes the total operation worth £9.5 billion with debt recovery. 

Andrew Higginson, chairman of Morrisons, said: 'The Morrisons directors believe that the offer represents a fair and recommendable price for shareholders which recognises Morrisons' future prospects.

Morrisons said an initial unsolicited proposal was received from Fortress on May 4 at 220 pence a share

'Morrisons is an outstanding business and our performance through the pandemic has further improved our standing and enabled us to enter the discussions with Fortress from a hard-won position of strength.

'We have looked very carefully at Fortress' approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper with over 110,000 colleagues and an important role in British food production and farming.

'It's clear to us that Fortress has a full understanding and appreciation of the fundamental character of Morrisons.

'This, together with the very clear intentions they have set out today, has given the Morrisons directors confidence that Fortress will support and accelerate our plans to develop and strengthen Morrisons further.' 

Joshua A Pack, managing partner of Fortress, said: 'We believe in making long-term investments focused on providing strong management teams with the necessary flexibility and support to execute their strategy in a sustainable and value-enhancing manner.

Since the 1980s, Koch brothers Charles (pictured) and David Koch have used their enormous fortune to bankroll their own conservative political machine

'We fully recognise Morrisons' rich history and the very important role Morrisons plays for colleagues, customers, members of the Morrisons pension schemes, local communities, partner suppliers and farmers.

'We are committed to being good stewards of Morrisons to best serve its stakeholder groups, and the wider British public, for the long term.'

Seema Malhotra, Labour's shadow minister for business and consumers, said: 'Britain's supermarkets provide an essential national service and the Covid crisis has highlighted their importance to customers, communities and our retail and farming industries.

'Any takeover bid must therefore be closely scrutinised by the Government.

'Ministers must urgently work with Morrisons and the consortium to ensure that crucial commitments to protect the workforce and the pension scheme are legally binding, and met.

'Ministers must also ensure legal promises are made about the integrity and future of the business, including any impact on the supply chain and distribution centres.'

Richard Lim, chief executive of research consultancy Retail Economics said: 'This signals the biggest shakeup in the UK grocery sector for over a decade.

'The grocery sector is transitioning through a period of enormous change as the impact of the pandemic has shifted buying behaviour.

'Navigating the fast-paced change in market dynamics, customer behaviour and the pressures on the food supply chain in a post-Brexit environment will be no easy feat.

'Success will hinge on the new owners gaining the support of experienced key members of the leadership team to execute on the future strategy.

'This will be critical given the pace of change sweeping through the industry.'

Since the 1980s, Koch brothers Charles and David have used their enormous fortune to bankroll their own conservative political machine, creating a vast empire of organisations and advocacy groups.

But they became a target for Democrats who criticised their influence on US politifcs. 

Environmental activists have frequently admonished the pair for funding political campaigns that focused on rolling back environmental regulations and being the primary sponsors of climate change denial in the US.  

They spent millions funding climate change-denying research, think tanks and politicians - which analysts believe was to expand their fossil fuel fortunes.

Koch Industries has paid millions in penalties and fines for oil spills, discharging toxic chemicals and violating other environmental regulations. 

According to advocacy group Good Jobs First, the company has paid more than $749million in environmental violations since 2000.

The Koch brothers advocated for reduced government spending and limited involvement in wars overseas, and analysts believe they helped give rise to the Tea Party movement. 

In a Weekly Standard interview in 2011, David Koch called then-President Barack Obama 'the most radical president we've ever had as a nation' and accused him of having 'done more damage to the free enterprise system and long-term prosperity than any president we've ever had', reported CNBC.

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Morrisons supermarket agrees to £6.3bn takeover bid

Yahoo Finance UK 04 July, 2021 - 01:55pm

The offer, led by Softbank-owned Fortress which has partnered with Canada Pension Plan Investment Board and Koch Real Estate Investments, will see shareholders receive 252p per share plus a 2p special dividend.

The all cash offer is subject to shareholder approval.

The offer represents a 42% premium on the Morrisons share price before it was announced that the supermarket had rejected a takeover proposal from New York-based firm Clayton, Dubilier & Rice (CD&R) last month.

Fortress has invested in grocery retail in both North America and Europe, and has invested in Majestic Wine in the UK.

In the US, Fortress has invested in the grocery industry, petrol forecourt stations and retail and restaurants.

Andrew Higginson, chairman of Morrisons, said: “The Morrisons directors believe that the offer represents a fair and recommendable price for shareholders which recognises Morrisons’ future prospects.

“Morrisons is an outstanding business and our performance through the pandemic has further improved our standing and enabled us to enter the discussions with Fortress from a hard-won position of strength.

“We have looked very carefully at Fortress’ approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper with over 110,000 colleagues and an important role in British food production and farming.

“It’s clear to us that Fortress has a full understanding and appreciation of the fundamental character of Morrisons.

“This, together with the very clear intentions they have set out today, has given the Morrisons directors confidence that Fortress will support and accelerate our plans to develop and strengthen Morrisons further.”

Joshua A Pack, managing partner of Fortress, said: “We believe in making long-term investments focused on providing strong management teams with the necessary flexibility and support to execute their strategy in a sustainable and value-enhancing manner.

“We fully recognise Morrisons’ rich history and the very important role Morrisons plays for colleagues, customers, members of the Morrisons pension schemes, local communities, partner suppliers and farmers.

“We are committed to being good stewards of Morrisons to best serve its stakeholder groups, and the wider British public, for the long term.”

Seema Malhotra, Labour’s shadow minister for business and consumers, said: “Britain’s supermarkets provide an essential national service and the Covid crisis has highlighted their importance to customers, communities and our retail and farming industries.

“Any takeover bid must therefore be closely scrutinised by the Government.

“Ministers must urgently work with Morrisons and the consortium to ensure that crucial commitments to protect the workforce and the pension scheme are legally binding, and met.

“Ministers must also ensure legal promises are made about the integrity and future of the business, including any impact on the supply chain and distribution centres.”

“The grocery sector is transitioning through a period of enormous change as the impact of the pandemic has shifted buying behaviour.

“Navigating the fast-paced change in market dynamics, customer behaviour and the pressures on the food supply chain in a post-Brexit environment will be no easy feat.

“Success will hinge on the new owners gaining the support of experienced key members of the leadership team to execute on the future strategy.

“This will be critical given the pace of change sweeping through the industry.”

Adrian Jones, Unite national officer representing Morrisons’ warehouse and distribution workers said: “Unite is now seeking urgent talks with Morrisons to protect our members’ jobs and conditions.

“We won’t allow another takeover of a strong UK business see the workers trampled over as the boardroom and shareholders rush towards their bonanzas.

“Morrisons is unique in UK supermarkets in that is owns its supply chain, from the farm to the warehouse.

“Morrisons workers have made this business strong and profitable – they deserve to have their dedication rewarded by the owners.

“Unite will meet urgently with the management team to turn their promises that the workers’ jobs and terms will not be undermined into unbreakable guarantees.

“Only with such cast-iron guarantees can there be any hope of Unite and our members cooperating with this sale.”

Joanne McGuinness, national officer of the shopworkers’ union Usdaw said: “We are seeking urgent meetings with Morrisons’ current management and the prospective new owners to ensure that our members’ interests and the long-term future of the business are protected throughout this process.

“In the meantime we are providing our members with the support and advice they need through this period of uncertainty.”

The national event saw people staging activities across the UK as a way of thanking each other for their support during the pandemic.

Hamilton’s rival Max Verstappen dominated Sunday’s Austrian Grand Prix to claim his third straight win and extend his title lead from 18 to 32 points.

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Disparaging comments made by ESPN host Rachel Nichols and leaked from a recorded phone conversation are reportedly causing an uproar at the sports network. The New York Times is reporting details of a leaked Nichols conversation with Adam Mendelsohn, an adviser to LeBron James and his agent Rich Paul. In the talk, Mendelsohn warned Nichols […]

SPOILER ALERT: Do not read if you have not yet watched “We the People,” streaming now on Netflix. “We the People,” doesn’t just teach civics, it also mixes music and animation as storytelling devices to get its message across to adults and kids alike. Each of the 10 episodes of the series created by Chris Nee […]

Police Chief Anthony Campo claims the note was a joke

Net-zero 2050-ism must not be allowed to give oxygen to the lie that we can continue business-as-usual, without radically changing our lifestyles and economies, writes Donnachadh McCarthy

These little life-changers include slippers that double as dust mops and a towel that removes waterproof makeup with zero soap — just add water!

The swearing in of the architects of Chile’s new constitution got off to an inauspicious start on Sunday after protests outside and inside the venue, and clashes with police forced a delay to the event. Problems arose after marches organised by independent, left-wing and indigenous groups fielding delegates for the constitutional body, as well as other interest groups, met heavily armed police manning barricades outside Santiago’s former congress building where the ceremony is being held.Scuffle

The 84-year-old pontiff is undergoing scheduled surgery on his colon

TV personality Nick Cannon has reportedly welcomed his seventh child. Model Alyssa Scott gave birth to a baby boy named Zen on 23 June, and shared the first photos of the newborn on Instagram late on Saturday. "I will love you for eternity... 6.23.21," she captioned the black-and-white images. The child's birth comes just two weeks after Scott appeared to confirm Cannon was the father of her baby as she shared a snap of the pair on America's Father's Day. "Celebrating you today," she wrote along

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Morrisons agrees £6.3bn takeover plan from Fortress-lead investment group

Yahoo Finance UK 04 July, 2021 - 01:55pm

Softbank-owned Fortress, Canada Pension Plan Investment Board and Koch Real Estate Investments will pay 252p per share plus a 2p special dividend. The offer is subject to shareholder approval.

Andrew Higginson, chairman of Morrisons, said: "The Morrisons directors believe that the offer represents a fair and recommendable price for shareholders which recognises Morrisons' future prospects.

"Morrisons is an outstanding business and our performance through the pandemic has further improved our standing and enabled us to enter the discussions with Fortress from a hard-won position of strength.

"We have looked very carefully at Fortress' approach, their plans for the business and their overall suitability as an owner of a unique British food-maker and shopkeeper with over 110,000 colleagues and an important role in British food production and farming.

"It's clear to us that Fortress has a full understanding and appreciation of the fundamental character of Morrisons.

"This, together with the very clear intentions they have set out today, has given the Morrisons directors confidence that Fortress will support and accelerate our plans to develop and strengthen Morrisons further."

The deal comes after Morrisons rejected a takeover proposal from New York-based firm Clayton, Dubilier & Rice (CD&R) last month.

UK supermarkets have been buoyed by the pandemic with sales boosted by the closure of non-essential shops and hospitality firms.

The national event saw people staging activities across the UK as a way of thanking each other for their support during the pandemic.

Hamilton’s rival Max Verstappen dominated Sunday’s Austrian Grand Prix to claim his third straight win and extend his title lead from 18 to 32 points.

Is Maya Hawke to star alongside her actual mum?

The presenter is currently with her daughter in Majorca presenting Love Island.

The Euro 2020 knockout stages are well underway, with plenty of players still in the running to claim the Golden Boot for the tournament’s top scorer and Patrick Schick is the new favourite after drawing level with Cristiano Ronaldo. Ronaldo had scored three times in his opening two games of the tournament, and bagged a penalty brace against France to make it five goals to take himself top of the standings, though he won’t be able to add any further to his tally after defending champions Portugal were knocked out in the last 16 by Belgium. With Ronaldo out of the tournament, Schick scored his fifth goal in as many games to give Czech Republic a lifeline in their quarter-final tie.

Disparaging comments made by ESPN host Rachel Nichols and leaked from a recorded phone conversation are reportedly causing an uproar at the sports network. The New York Times is reporting details of a leaked Nichols conversation with Adam Mendelsohn, an adviser to LeBron James and his agent Rich Paul. In the talk, Mendelsohn warned Nichols […]

SPOILER ALERT: Do not read if you have not yet watched “We the People,” streaming now on Netflix. “We the People,” doesn’t just teach civics, it also mixes music and animation as storytelling devices to get its message across to adults and kids alike. Each of the 10 episodes of the series created by Chris Nee […]

Police Chief Anthony Campo claims the note was a joke

Net-zero 2050-ism must not be allowed to give oxygen to the lie that we can continue business-as-usual, without radically changing our lifestyles and economies, writes Donnachadh McCarthy

These little life-changers include slippers that double as dust mops and a towel that removes waterproof makeup with zero soap — just add water!

The swearing in of the architects of Chile’s new constitution got off to an inauspicious start on Sunday after protests outside and inside the venue, and clashes with police forced a delay to the event. Problems arose after marches organised by independent, left-wing and indigenous groups fielding delegates for the constitutional body, as well as other interest groups, met heavily armed police manning barricades outside Santiago’s former congress building where the ceremony is being held.Scuffle

The 84-year-old pontiff is undergoing scheduled surgery on his colon

TV personality Nick Cannon has reportedly welcomed his seventh child. Model Alyssa Scott gave birth to a baby boy named Zen on 23 June, and shared the first photos of the newborn on Instagram late on Saturday. "I will love you for eternity... 6.23.21," she captioned the black-and-white images. The child's birth comes just two weeks after Scott appeared to confirm Cannon was the father of her baby as she shared a snap of the pair on America's Father's Day. "Celebrating you today," she wrote along

Sony TVs, Beats headphones, Shark vacs, the Pioneer Woman cookware and video games galore — these sales are popping!

Josef Newgarden snapped his streak of late race misfortunes Sunday to win for the first time this season, earning the first IndyCar victory of the year for Team Penske on the same weekend the storied organization celebrated the 50th anniversary of its first win. Newgarden led all but seven of the 80 laps Sunday at the Mid-Ohio Sports Car Course. The two-time IndyCar champion dominated the two races leading into Sunday, but late yellows altered the outcome and denied Newgarden two trips to victory lane.

The comedian says she was "in the depths of an eating disorder when COVID hit."

England come home as players and fans prepare for return to Wembley. 60,000 expected to cheer on England at Euro 2020 semi-final, the biggest crowd to gather in the UK since the pandemic began

Samsung, Sony, Nintendo, Apple, Xbox, Cuisinart, Hoover, Purell — save up to over 80 percent for the 4th of July!

Norris delivered a brilliant display in the Austrian Grand Prix to finish third.

Factbox: Who's buying Britain's Morrisons?

Reuters 04 July, 2021 - 01:55pm

LONDON, July 3 (Reuters) - Morrisons (MRW.L), Britain's fourth-biggest supermarket group after Tesco (TSCO.L), Sainsbury's (SBRY.L) and Asda, has agreed a 6.3 billion pound ($8.7 billion) takeover by a trio of investment groups led by Fortress Investment Group. read more

Following are some details about the buyers of the 122-year-old Bradford, northern England, based grocer:

Fortress is an independently-operated global investment manager subsidiary of Japan's SoftBank Group Corp (9984.T). As of March 31, it had about $53 billion in assets under management.

It bought British wine seller Majestic Wine for 95 million pounds in 2019 and has invested in the grocery sector in the United States - in Albertsons, A&P and Fresh and Easy (which used to be owned by Tesco).

CANADA PENSION PLAN INVESTMENT BOARD (CPP INVESTMENTS)

CPP Investments invests the funds transferred to it by the Canada Pension Plan.

As of March 31 2021, it had about 287 billion pounds of assets under management, of which about 13.6 billion is invested in the United Kingdom.

KREI is part of Koch Industries, one of the largest privately held businesses in the United States.

Since 2003, Koch companies have invested nearly $133 billion.

It has a presence in more than 70 countries, employing 122,000 people worldwide.

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