2 of the UK's top retail bosses line up rival $8.5 billion bids for Walmart-owned supermarket chain Asda, according to a report
No asking price for Asda has been revealed, but the chain was valued at about £7 billion during the time of its planned merger with Sainsbury's in 2019.Two longtime UK retail executives are working with private equity groups on rival £6.5 billion bids for Walmart-owned Asda, according to a Sky News report.
After initial takeover talks paused in April, Walmart restarted discussions on the sale of a majority stake in July. A deal could be announced in September.Two of Britain's top retail bosses are working with private equity groups on rival £6.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Inside Benetti's 353-foot hybrid gigayacht 'Luminosity' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Walmart's US ecommerce sales hit 97% annual growth in its most recent quarter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
MoviePass execs hit with suit alleging discrimination, harassment - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »