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UK Watchdog To Probe Proposed £7.3B Sainsbury Merger

By Matt Bernardini (September 19, 2018, 4:27 PM EDT) -- The U.K.'s competition watchdog said Wednesday it has referred Sainsbury's planned purchase of Walmart Inc.'s U.K. subsidiary valued at £7.3 billion ($9.36 billion) to a phase 2 investigation, saying the deal raises enough concerns to warrant an in-depth review....

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