(Reuters) A popular hedge fund bet on a fall in Sainsbury’s (SBRY.L) shares came unstuck on Monday after the supermarket group announced plans to merge with Walmart-owned WMT.L rival Asda. The deal, which would see the combined group leapfrog Tesco (TSCO.L) to become Britain’s biggest food.
Sainsbury’s Move for Asda Sees Some Hedge Funds Caught Out
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