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Sainsbury's plummets on CMA findings

Sainsbury's plummets on CMA findings

The Competition and Markets Authority (CMA) has found "extensive competition concerns" as part of its in-depth investigation of the proposed merger between Sainsbury’s (SBRY) and Asda. The regulator thinks the proposed deal could lead to a "worse experience for in-store and online shoppers" due to "higher prices, a poorer shopping experience, and reductions in the range and quality of products offered".

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