FIRST AIRED: February 20, 2019

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COMING UP:Share Opener Variant 1

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Transcript

00:00:00
Sainsbury's planned takeover of Walmart asda is in doubt as British regulators will the nine point five billion dollar bid should be blocked unless they sell a large number of stools or even one of the bronze Britain's competition markets authority says the deal could lead to higher prices for shoppers and a small ranging quality of products offered shares in St plunged as much as sixteen percent on the knees which deals a blow to each company's plans to build Britain's largest supermarket group which regulates is saying it's difficult for the firms to address these concerns says pre says it disagrees with the findings cooling the CMA's view inconsistent with comparable cases the deal was agreed in April last year with US firm Walmart taking a forty two percent stake in the combined business Sainsbury's announced his main aim is to generate the buying power and savings to competes with fostering discounters Aldi and little as well as Britain's biggest supermarket Tesco an online retailers CMA's final report is due by April thirtieth