Quote:
Originally Posted by richard s
I think you will find that Sainsbury's will be main share holder and ASDA the minor.
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It doesn't really work like that.
- Asda Stores Ltd is 100% owned by Walmart Inc, that's the simple bit. You and I can't buy shares in Asda unless we approached Walmart with a deal which is what Sainsbury's has done.
- J. Sainsbury PLC is listed on the London Stock Exchange and you and I can buy shares in it. It does have some large shareholders though - Qatar Holdings owns 22% and Black Rock 5%.
If Asda and Sainsbury combine, the top three shareholders will be Walmart, Qatar Holdings and Black Rock.
As part of the proposed deal, Walmart would get a £3bn payment as well as a 44% stake in the new combined company.
---------- Post added at 20:43 ---------- Previous post was at 20:38 ----------
Quote:
Originally Posted by denphone
Where is your proof of this General? as thus so far l don't see any as all he has said "The merged company would cut prices by “circa 10%” on everyday items" And TTD are not everyday items as they are regarding as more in the premium range of items at Sainsbury's..
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No proof. Walmart won't care what price the new company charges for things in a far away country. Walmart will be more interested in how the new company's share price performs and its dividends. Its voting rights will be just 29%.