Sainsbury's and Walmart's Asda close to 10 billion pounds merger - source

LONDON (Reuters) - Sainsbury's , Britain's No. 2 supermarket, and Asda, the UK arm of Walmart that is the No. 3 player, are close to securing a merger deal, a source with knowledge of the situation told Reuters on Saturday.

from Reuters: Top News http://uk.reuters.com/article/uk-sainsbury-s-walmart-m-a/sainsburys-and-walmarts-asda-close-to-10-billion-pounds-merger-source-idUKKBN1HZ0GG?feedType=RSS&feedName=topNews