Sainsbury’s soar after Asda merger talks

Credit: City A.M.- Published on May 14, 2018
Sainsbury’s shares have jumped this morning after the company stated it is planning on merging with Asda, which is owned by Walmart. The proposed deal would be worth £7.3 billion, and Sainsbury’s would pay £2.98 billion in cash, and £4.3 billion in stock for Asda – which would end up with a 42 per cent stake in the...
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