Sainsbury's and Asda close to Merging

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bm10k
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Sainsbury's and Asda close to Merging

Post by bm10k » April 29th, 2018, 12:16 am

http://www.bbc.com/news/business-43933517

Apparently Walmart (Who Owns Asda) has given the green light on this

storewanderer
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Re: Sainsbury's and Asda close to Merging

Post by storewanderer » April 29th, 2018, 6:56 pm

I don't understand the transaction. Who will the controlling entity be?

arizonaguy
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Re: Sainsbury's and Asda close to Merging

Post by arizonaguy » April 29th, 2018, 8:37 pm

storewanderer wrote:
April 29th, 2018, 6:56 pm
I don't understand the transaction. Who will the controlling entity be?
It appears that Sainsbury's would be the controlling entity.

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Re: Sainsbury's and Asda close to Merging

Post by storewanderer » April 29th, 2018, 10:16 pm

arizonaguy wrote:
April 29th, 2018, 8:37 pm
storewanderer wrote:
April 29th, 2018, 6:56 pm
I don't understand the transaction. Who will the controlling entity be?
It appears that Sainsbury's would be the controlling entity.
So this is Wal Mart essentially exiting Asda?

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rwsandiego
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Re: Sainsbury's and Asda close to Merging

Post by rwsandiego » April 29th, 2018, 11:07 pm

storewanderer wrote:
April 29th, 2018, 10:16 pm
arizonaguy wrote:
April 29th, 2018, 8:37 pm
storewanderer wrote:
April 29th, 2018, 6:56 pm
I don't understand the transaction. Who will the controlling entity be?
It appears that Sainsbury's would be the controlling entity.
So this is Wal Mart essentially exiting Asda?
That's what it seems, but the article doesn't actually say so.

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Re: Sainsbury's and Asda close to Merging

Post by jamcool » April 30th, 2018, 11:36 am

Walmart will own 42 percent of the combined company

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