J Sainsbury Shareholder Backs Asda Merger -Times of London
August 22 2018 - 4:50AM
Dow Jones News
--J Sainsbury PLC's third-largest shareholder Martin Walker has
backed the supermarket chain's proposed GBP12 billion merger with
Asda, reports the Times of London.
--Mr. Walker, U.K. equities fund manager at Invesco Perpetual,
said the proposed tie-up will help Sainsbury go "toe-to-toe" with
rival Tesco PLC, the Times reports.
--The fund manager is the first significant investor to publicly
back the merger.
Full story: https://bit.ly/2OXgPcO
Write to Barcelona editors at barcelonaeditors@dowjones.com
-0-
(END) Dow Jones Newswires
August 22, 2018 04:35 ET (08:35 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
J Sainsbury (QX) (USOTC:JSAIY)
Historical Stock Chart
From Jun 2024 to Jul 2024
J Sainsbury (QX) (USOTC:JSAIY)
Historical Stock Chart
From Jul 2023 to Jul 2024
