Buyout firm CD&R studied a stock-based merger of Morrisons with J Sainsbury (LSE:SBRY), noting Morrisons' high leverage and potential need for fresh equity but eased UK antitrust risks and combined share still below Tesco, as Sainsbury reported 2.8% sales growth driven by grocery volumes.
Previous Week Recap
- CD&R Studies Morrisons-JSainsbury Merger: CD&R studied a stock-based merger of Morrisons with J Sainsbury plc (SBRY). Notes: Morrisons' high leverage, possible fresh equity need, eased UK antitrust, combined market share still below Tesco.
- Sainsbury Sales Growth Drives Short-Term Volume: J Sainsbury (SBRY) saw 2.8% sales growth in the four weeks to July 12, driven by improved grocery sales—key short-term volume data for traders.
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