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Asda (NYSE: WMT ) and J Sainsbury ( OTCQX:JSNSF , OTCQX:JSAIY ) say they will lower prices by about £1B each year as the retailers look to alleviate concerns with U.K. regulators over the impact on consumer of the planned merger. More news on: Walmart Inc., J Sainsbury plc, J Sains...
U.K.'s Competition and Markets Authority says the merger between Walmart's (NYSE: WMT ) Asda and Sainsbury ( OTCQX:JSNSF , OTCQX:JSAIY ) is likely to be blocked in its provisional view of the deal, unless a large number of grocery stores are sold. More news on: Walmart Inc., J Sainsbury...
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