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| Name | Symbol | Market | Type |
|---|---|---|---|
| J Sainsbury Plc (QX) | USOTC:JSAIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.43% | 13.93 | 11.90 | 15.45 | 14.23 | 13.89 | 14.00 | 28,940 | 21:30:09 |
From Aug 2019 to Aug 2024
By Maryam Cockar
The U.K. competition regulator has launched a formal investigation into the proposed merger between J Sainsbury PLC (SBRY.LN) and Asda Group Ltd.
The Competition & Markets Authority said Thursday that it will begin the first phase of its investigation to asses how the deal could affect competition for U.K. shoppers.
The regulator said that Sainsbury and Asda have asked the CMA to move more quickly to the in-depth second phase of the inquiry through a "fast-track" process and it expects to accept this request unless it receives any valid objections.
On April 30, Walmart Inc. (WMT) said it will sell its U.K. business, Asda, to Sainsbury in a deal worth 7.30 billion pounds ($9.4 billion).
At 1024 GMT, Sainsbury shares were down 0.5% at 1.80 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
August 23, 2018 06:47 ET (10:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year J Sainsbury (QX) Chart |
1 Month J Sainsbury (QX) Chart |
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