I agree i really hope this does not go ahead , it'll end up being bad news for everyone if it does.

But in a few years Amazon Food Delivery's
will expand in the UK.
Like is the USA they are.

With 10% prices reduction on the way
Customers of both stores will win.

The promise not to close stores and reduce staff will likely only stand for a couple of years. After that, they will definitely close unprofitable stores. They can then claim that this was "for other business reasons" and "not a result of the merger".

[Sainsbury's and Asda agree £13bn merger to create grocery powerhouse.]

Its Gone up 3 Billion more

https://news.sky.com/story/sainsbury...orces-11353408

https://e3.365dm.com/18/04/536x302/s...20180430112532

I heard that the only way they can get this through competition commission is if they do reduce the number of stores.

Yes thats one view.
This could last a year or so.

https://e3.365dm.com/18/04/750x563/s...20180430095131
[Sainsbury's chief executive Mike Coupe (l) announced the deal with Walmart International boss Judith McKenna and Asda's CEO Roger Burnley]

Mike Coupe The CEO
on Ian King SkyNewsHD Business
claims he he thinks he will get it through.
No Job losses, Pension safe.

If they Join
they will be Bigger than Tesco

So the future CEO of the lot
Mike Coupe
while he was being filmed yesterday for ITV/ITN , he thought he was not at that time,
sang that great song

"were in the money...................."


He said sorry.

Life In The Fast Lane

The bold days it all,

[Sainsbury's-Asda deal in jeopardy
over price and quality concerns
The supermarkets accuse the CMA of
moving the goalposts after it says a
combined company may have
to spin off one of the brands.]


Sainsburys Shares went down today 14%

From CNN HD Business USA : Walmart not happy , they still own Asda

https://news.sky.com/story/cma-finds...ie-up-11642542


The Final Result from the Government is at the end of April this year

Now Confirmed
Asda Sainsbury's Merger is now Cancelled.

Walmart the Owner of UK Asda
is now looking for another buyer.

Very pleased this has been blocked :clap2:

In Dollars as Walmart USA
still own Asda
but will soon will sell it to another buyer

Good news in my view this has been stopped.

Oh that IS good news. I like Sainsbury's, hate Asda... what a dilemma it would have been.