Sainsbury's-Asda merger blocked by CMA

( April 25, 2019, 06:16 GMT | Official Statement) -- MLex Summary: J Sainsbury and Asda's planned merger has been blocked by the UK Competition and Markets Authority. The CMA said shoppers and motorists would be worse off if the supermarkets were to merge due to price rises and reductions in quality and the range of products available. "We have concluded that there is no effective way of addressing our concerns, other than to block the merger," Stuart McIntosh, chair of the CMA's inquiry group said.Statement follows. The document is attached....

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