Sainsbury's shares jump on merger talks with Asda
Sainsbury’s shares rose 14.53% to 309.00p on the FTSE 100 on Monday after news of its on-going merger discussions with Asda broke over the weekend.
The owners of Sainsbury’s and Asda have vowed to continue to operate their full combined estate of 2,800 stores across the UK having agreed terms for a merger deal.
This is premium content
You must be logged in to view premium stories.
Subscribe for full access
Take out a print and online or online only subscription and you will get immediate access to:
- Breaking industry news as it happens
- Expert analysis and comment from industry leaders
- Unlimited access to all stories, including premium content
- Full access to all our online archive
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts
If you are already a registered user or a subscriber you can SIGN IN now