Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  WM Morrison Supermarkets PLC    MRW   GB0006043169

News SummaryMost relevantAll newsSector news 

Wm. Morrison Supermarkets plc : Ocado Group PLC - Ocado confirms talks re technology agreement

03/16/2013 | 01:32am US/Eastern


Ocado Group PLC confirmation of talks  

14th March 2013

OcadoGroup PLC ("Ocado") confirms that it is in discussions with Wm. Morrison Supermarkets Plc ("Morrison") which may lead to an agreement to license certain of  Ocado's existing and future intellectual property ("IP") and operating knowledge for the purposes of Morrison commencing an online grocery business in the UK.

These negotiations do not involve any discussion of Morrison acquiring either the whole of, or an equity stake in,  Ocado

Any such agreement would be complementary to Ocado's existing partnership with Waitrose, which would be unaffected by any potential agreement with  Morrison.

Both parties are working towards an agreement and a further announcement will be made in due course. However, discussions are ongoing and there can be no certainty that an agreement will be reached.

This information is provided by RNS
The company news service from the London Stock Exchange

RNS news service provided by Hemscott Group Limited.

distributed by
React to this article
10/01 WM MORRISON SUPERMARKETS PLC : ex-dividend day for interim dividend
09/30DJLONDON MARKETS : FTSE 100 Closes Out Worst Quarter In Four Years With A Rally
09/30 Costa Coffee joins rush to hike workers' pay
09/30 Sainsbury's profit upgrade cheers British supermarkets
09/30DJLONDON MARKETS : FTSE 100 Rallies After Worst Two-day Slide In A Month
09/29 WM MORRISON SUPERMARKETS : Morrisons to Increase Hourly Pay
09/29 UK grocer Morrisons boosts staff pay
09/29 WM MORRISON SUPERMARKETS : Morrisons Ups Store Staff Pay Rate Above National Liv..
09/28 WM MORRISON SUPERMARKETS : *bernstein raises morrison price target to 170 (140) ..
09/28 WM MORRISON SUPERMARKETS : *bernstein raises morrison to 'market-perform' ('unde..
Duration : Period :
WM Morrison Supermarkets P Technical Analysis Chart | MRW | GB0006043169 | 4-Traders
Income Statement Evolution
More Financials