UPDATE 1-UK regulator blocks Sainsbury's $9.4 bln Asda takeover

Britain's competition regulator has blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.

from Reuters: Company News https://reut.rs/2UVwQrd