[Dow Jones] WM Morrison (MRW.LN) +3.1% at 309p with traders saying the takeover deadline for Sainsbury (JSAIY) has put the supermarket in focus. Another trader points out its shares are also being buoyed by Colony Capital and Group Arnaults announcing a 9.8% stake in Carrefour (12017.FR).
Jonathan Pritchard at Oriel Securities believes private equity groups will be casting their eyes over Morrison in the same way that they are over Sainsbury. "We think a bid of up to 380p could be justified," he says. In the short term, whilst Sainsbury is preoccupied by bid issues, he believes Morrison could also pick up some easy marketshare. (KHO)
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