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Retail

Tesco Says Sainsbury's-Asda Deal Needs 'Extensive Remedies'

British supermarket group Sainsbury's proposed takeover of rival Asda would not be cleared by the competition regulator without the need for 'extensive remedies' if precedent is followed, according to market leader Tesco.

The combination of Sainsbury's and Asda, which are the second and third top players in the UK, could overtake Tesco.

Economics Of The Transaction

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