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Sainsbury’s and Morrisons ‘held talks this year’ on multibillion-pound merger
Deal would have created a supermarket with a market share of 23.6%, still well behind Tesco’s 27.8% Sainsbury’s held merger talks with rival Morrisons this year to discuss a multibillion-pound deal that would have been the biggest shake-up for UK supermarkets in decades, according to reports. The two companies held exploratory negotiations, according to the Financial Times and Sky. It is believed they are no longer…