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Merger Between Sainsbury And ASDA

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Retail mammoth Walmart and J Sainsbury plc have announced that Sainsbury and ASDA, a Walmart owned subsidiary brand will work together to form one of United Kingdom’s leading clothing and general merchandise groups.
This combination will bring two completely different customer proposition which will enable a more efficient competitive, adaptable, and resilient business which will attract better investors, in price, quality, and range for consumers to shop.
This merger was made on the approvals, which states that Walmart will get 42 per cent of the sharing capital of the combined business but it will not be able to hold more than 29.9 per cent of all the voting rights.
Walmart will be getting $ 400 billion in cash after valuing Asda to £7.3

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