Asda/Wal-Mart Mulling Bid for Sainsbury: Report

LONDON -- Asda, the British division of Wal-Mart Stores, is considering a bid for rival supermarket operator J. Sainsbury, published reports said.

LONDON -- Asda, the British division of Wal-Mart Stores, is considering a bid for rival supermarket operator J. Sainsbury, published reports said. Asda was first looking into whether regulatory agencies would allow a combination before making a bid, according to a Reuters news report Monday. Sainsbury has been the object of attention from private-equity groups since February, when a consortium led by CVC Capital, Blackstone Group and KKR acknowledged they were looking into th

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