--Walmart has chosen a consortium led by brothers Mohsin and Zuber Issa and London-based private equity firm TDR Capital as preferred bidders for Asda, Sky News reports.

--There isn't an official deal yet, but unidentified sources suggest that the deal could value the supermarket chain at 6.5 billion pounds ($8.28 billion).

Full story: https://bit.ly/3n19RoT

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(END) Dow Jones Newswires

September 28, 2020 08:13 ET (12:13 GMT)

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