A $9.4 Billion Bid to Buy Walmart’s U.K. Unit Is Officially Dead

J Sainsbury Plc dropped its 7.3 billion-pound ($9.4 billion) bid to buy Walmart Inc.’s Asda unit after U.K. antitrust authorities formally blocked the merger of grocery stores. The companies quickly raised the white flag after the Competition and Markets Authority said that the combination, even with the substantial divestiture of stores, would mean higher prices […]