UPDATE 1-Sainsbury's-Asda pledge 1 bln stg of price cuts to salvage deal
March 19, 2019 at 06:42 AM EDT
British supermarket Sainsbury's and its takeover target Asda have committed to deliver 1 billion pounds ($1.3 billion) of lower prices annually by the third year after completion of their proposed 7.3 billion pounds ($9.7 billion) deal.