LONDON—Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain’s fourth-largest supermarket chain at £6.3 billion ($8.7 billion) and tops a rival offer from a U.S. private equity firm.
The offer from Fortress, along with Canada Pension Plan Investment Board and Koch Real Estate Investments, exceeds a £5.52 billion unsolicited proposal from Clayton, Dubilier & Rice (CD&R), which Morrisons rejected on June 19.
