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Sainsbury’s in $10 billion swoop on Asda to create top UK supermarket

LONDON (Reuters) – Sainsbury’s (SBRY.L) has agreed to buy Walmart’s (WMT.N) Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco (TSCO.L). Bringing togethe... More »

Sainsbury’s says Asda merger could result in some store sell-offs

LONDON (Reuters) – Sainsbury’s chief executive Mike Coupe said that it was possible that competition authorities would force some stores to be sold to allow the British supermarket chain’s proposed merger with Asda to go ahead. Sainsbury’s and Asda, the UK arm... More »

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