Deals
Sainsbury’s Asda Takeover Collapses After U.K. Blocks Deal
- Companies drop deal after regulator reiterates opposition
- Deal would have created largest U.K. supermarket chain
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J Sainsbury Plc and Walmart Inc.’s Asda dropped their 7.3 billion-pound ($9.4 billion) bid to create the U.K.’s largest supermarket chain after antitrust authorities blocked the deal, saying it would lead to higher prices and less choice for shoppers.