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Sainsbury-Asda Deal May Be Doomed by Antitrust Report

  • CMA says 7.3 billion-pound merger raises significant concerns
  • Companies opposed to selling a brand, people familiar say
Bloomberg business news
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J Sainsbury Plc’s attempt to create the biggest U.K. supermarket chain with the 7.3 billion-pound ($9.5 billion) purchase of Wal-Mart Inc.’s Asda looks close to collapse after antitrust authorities attached harsher-than-expected conditions for approval. Sainsbury shares plunged the most in a decade.