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Probe into Sainsbury’s Asda deal Britain’s competition regulator, the Competition and Markets Authority (CMA), has launched a formal inquiry into the proposed 7.3 billion pound ($12.4 billion) takeover of Asda by Sainsbury’s, which was announced in April. The merged company would take over from Tesco as Britain’s largest grocery retailer. The CMA will investigate whether the deal will lead to less choice or higher prices for customers, or if the new entity would have the power to

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