economy United Kingdom
Sainsbury’s and Morrisons held exploratory merger talks
23.6%
Combined market share of the proposed Sainsbury’s-Morrisons business
Sainsbury’s and Morrisons reportedly held exploratory talks this year about a multibillion-pound merger. The companies are believed to have ended active discussions.
1 sourceThe GuardianUpdated
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AllegedFinancial Times and Sky reported that Sainsbury’s and Morrisons held exploratory merger negotiations this year.
“The two companies held exploratory negotiations, according to the Financial Times and Sky.”
AllegedSainsbury’s and Morrisons are no longer in live merger discussions, according to the report.
“It is believed they are no longer in live discussions.”
- 23.6%
Combined market share of the proposed Sainsbury’s-Morrisons business
“A merger between Sainsbury’s and Morrisons would have created a business with a 23.6% market share”