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Sainsbury's and Asda close to Merging

Posted: April 29th, 2018, 12:16 am
by bm10k
http://www.bbc.com/news/business-43933517

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

Re: Sainsbury's and Asda close to Merging

Posted: April 29th, 2018, 6:56 pm
by storewanderer
I don't understand the transaction. Who will the controlling entity be?

Re: Sainsbury's and Asda close to Merging

Posted: April 29th, 2018, 8:37 pm
by arizonaguy
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.

Re: Sainsbury's and Asda close to Merging

Posted: April 29th, 2018, 10:16 pm
by storewanderer
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?

Re: Sainsbury's and Asda close to Merging

Posted: April 29th, 2018, 11:07 pm
by rwsandiego
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.

Re: Sainsbury's and Asda close to Merging

Posted: April 30th, 2018, 11:36 am
by jamcool
Walmart will own 42 percent of the combined company