Competition and Markets Authority says UK shoppers and motorists would be worse off
The merger between Sainsbury’s and Asda has been torpedoed by Britain’s competition watchdog, which said the £7bn deal threatened to push up prices and reduce the choice and quality of products on sale.
In its final report the Competition and Markets Authority (CMA) said that UK shoppers and motorists would be worse off if Sainsbury’s and Asda – the UK’s second and third-largest supermarkets – were to allowed to merge.
Related: Competition watchdog blocks Sainsburys and Asda merger - business live
Continue reading...from Mergers and acquisitions | The Guardian http://bit.ly/2UAIWkl
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