Sainsbury's-Asda Merger In Doubt: What The Analysts Said
Published on Feb 20 2019 9:55 AM in Retail tagged: Featured Post / Sainsburys / Barclays / Asda / Shore Capital / Bernstein Research / Savvy / GlobalData / Rapleys / Paywall / AJ Bell / Retail Economics
The UK's Competition and Markets Authority cast the planned Sainsbury's-Asda merger in doubt this morning, with the watchdog stating that it has ‘extensive competition concerns’ about the planned deal.
Sainsbury's and Asda have since issued a statement noting that the CMA's findings ‘fundamentally misunderstand' the modern grocery industry, accusing the watchdog of 'moving the goalposts'.
Here's how leading retail analysts viewed the CMA's announcement.
Russ Mould, AJ Bell
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