UK regulator blocks Sainsbury's $9.4 billion takeover of Walmart's ASDA

Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.

from Reuters: Business News https://reut.rs/2GGsfQP