Business Apr 30, 2018

Sainsbury grocer to add Asda in $10 Billion deal with Walmart

U.K. grocer J Sainsbury PLC plans to buy Walmart Inc.'s Asda in a £7.3 billion ($10 billion) deal that would transform the country's supermarket industry and leave the U.S. retailer as the combined company's biggest shareholder. Sainsbury will pay Walmart £2.98 billion in cash and ...