Apollo Global evaluates bid for UK supermarket chain Morrisons

Private equity company Apollo Global Management is in the preliminary stages of evaluating a possible offer for British supermarket group Morrisons, it said on Monday, Reuters reports.

On Saturday Morrisons greed to a takeover led by SoftBank owned Fortress Investment Group that valued Britain's fourth-largest grocer at US$8.7 billion and topped a rival offer from another private equity firm Clayton, Dubilier & Rice (CD&R).