The Abeyawira family and connected parties own over 70% stake in the highly respected Group which has long standing interests in consumer products, pharmaceuticals and agro chemicals. The Group also has some good real estate.
Capital market sources said that a possible sell out by Abeyawira family has been doing the rounds with at least a few brokers soliciting interest from prospective interested parties. Others said the family wasn’t on the lookout for a buyer and it was those who are keen that have been expressing interests.
Market talk is among possible contenders are several blue chips with existing exposure in related businesses as well as upcoming conglomerates.
http://www.ft.lk/2011/06/27/control-of-j-l-morison-up-for-grabs-share-price-hits-all-time-high/