Hope they do keep as separate brands. On the rare occasion I have been to Asda it is a fire hazard with a sea of fat chavs clad in velour and polyester, whereas Sainsbury's attracts a better class of person.
Crazy IMO...why would they? They have different clientele and there's a price difference. I prefer Asda for service and price though when I could shop I occasionally went to S'burys. What happens to Argos then as S'burys took them over.... Hmmm not a good idea in my way thinking.
From the article.
"While the exact terms of the transaction couldn’t be immediately learned, Walmart could retain a significant stake in the combined entity, according to people familiar with the situation."
Would this suggest Walmart is interested in acquiring Sainsburys eventually?