WAL-MART CONSIDERS A BID FOR SAINSBURY

The Daily Telegraph reports that Asda, a British subsidiary of Wal-Mart, is considering making a bid for rival U.K. supermarket chain J Sainsbury. According to the article, the retailer is reportedly on the verge of contacting the competition authorities to nail out a practical bid for Sainsbury, which is owned by a private equity consortium led by CVC. Of course, nothing is final, or confirmed yet.