Sainsbury’s and Asda challenge CMA over merger

Competition and Markets Authority is investigating fallout of planned deal for shoppers and suppliersSainsbury’s and Asda have launched a legal challenge after complaining they are unable to meet the deadlines of the competition watchdog investigating their planned £7.3bn merger.The deal, which was announced in April, promises to create a new force in UK supermarket retailing that would usurp Tesco as the market leader. Continue reading...