CMA Considering Investigation Into Proposed Sainsbury-Asda Merger

Date : 05/18/2018 @ 2:51AM
Source : Dow Jones News
Stock : Walmart Inc. (WMT)
Quote : 97.8  0.66 (0.68%) @ 12:06AM

CMA Considering Investigation Into Proposed Sainsbury-Asda Merger

Sainsbury (LSE:SBRY)
Historical Stock Chart

6 Months : From Apr 2018 to Oct 2018

Click Here for more Sainsbury Charts.
By Maryam Cockar 
 

The U.K. competition watchdog said Friday that it is considering investigating the proposed merger between J Sainsbury PLC (SBRY.LN) and Walmart Inc's (WMT) British arm, Asda Group Ltd.

The Competition & Markets Authority said it will consider whether the proposed merger will "result in a substantial lessening of competition within any market or markets" in the U.K. for goods or services.

The CMA said it is issuing a preliminary invitation to comment, asking interested parties to submit views on the impact that the proposed merger could have on competition in the U.K.

Walmart on April 30 said it would sell its U.K. supermarket chain Asda to Sainsbury, in a deal that values Asda at about $7.3 billion pounds ($9.87 billion).

 

Write to Maryam Cockar at maryam.cockar@dowjones.com

 

(END) Dow Jones Newswires

May 18, 2018 02:36 ET (06:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Latest WMT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.