When the financial details are examined, the proposed merger between Sainbury’s and Asda looks more like a takeover
In April 2018 Sainsbury’s made an official announcement that it had agreed to ‘merge’ with supermarket rival Asda. When the financial details became clearer, the merger looked more like a takeover — Sainsbury’s buying Asda.
Either way the logic was clear. Two trends are affecting the UK grocery sector:
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