"The specific reason for wanting to merge was to lower prices for customers," he said in a statement. "The CMA's conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the UK grocery market. "Our focus now is continuing to position Asda as a strong UK retailer delivering for customers. Walmart will ensure Asda has the resources it needs to achieve that," she said.IMPLICATIONSThe implications of the deal failing are likely to be significant. 2 supermarket group by market share to Asda, according to Kantar data.

Source: The Star April 25, 2019 09:00 UTC