JSAIY J Sainsbury Plc (QX)

--J Sainsbury Chief Executive Mike Coupe has acknowledged that regulators may halt its proposed merger with Asda, the British arm of Walmart Inc., the Financial Times reports.

--A regulatory investigation could demand remedies that might make it difficult to complete the transaction and there is a profitability threshold at which either party has the right to walk away, Mr. Coupe said, according to the FT.

--The U.K. Competition and Markets Authority, which last month launched a formal investigation into the merger, could refer the deal to an in-depth probe as early as this week, the FT reports.

Full story: https://on.ft.com/2Mfx9nB

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(END) Dow Jones Newswires

September 10, 2018 06:11 ET (10:11 GMT)

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