Softbank-backed Fortress teams up with American billionaire to make £6.3 billion counter bid for WM Morrison

WM Morrison's has just agreed to a counter offer from a consortium comprising the billionaire Koch family and Softbank's Fortress.

The Canada Pension Plan Investment board has also joined the group, who have offered 254p a share for Morrisons. Below are some of the highlights from the press release:

Summary and highlights..