Wall Street Journal |
Walmart to Sell British Unit Asda to UK Rival Sainsbury
Wall Street Journal LONDON—Walmart Inc. on Monday said it would sell its British arm Asda Group Ltd. to rival J Sainsbury PLC, a deal that values the chain at about £7.3 billion ($10.1 billion) and would, if successful, create the largest player in the U.K.'s fiercely ... European stocks waver on 'Merger Monday'; Sainsbury rallies Walmart Just Took a Big Step Away from the Grocery Business Walmart sells its UK supermarket business in $10 billion deal |
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