Walmart
WMT
has tied up a deal to sell the U.K. supermarket group Asda Group to gas station tycoons the Issa brothers and private equity firm TDR Capital for £6.8 billion ($8.8 billion) after a merger with Sainsbury was blocked last year.

The transaction—made on a debt-free and cash-free basis—is set to close in the first half of 2021 subject to the usual regulatory approvals. Under the new ownership structure, the Issas and TDR Capital will have majority ownership of Asda through equal shareholdings, with Walmart retaining an ongoing equity investment.

Walmart says that it will have a continuing commercial relationship, expected to be a supply and sourcing arrangement, and it will also retain a seat on the Asda board.

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By Kate Holton and James Davey

LONDON (Reuters) – Britain’s billionaire Issa brothers and private equity group TDR Capital have bought Asda from Walmart in a deal which gives the British supermarket chain an enterprise value of $8.8 billion and the buyers a platform to roll out smaller stores.

Mohsin and Zuber Issa, who founded petrol station operator EG Group nearly two decades ago, are taking Asda back under British ownership for the first time since 1999, when U.S. retail giant Walmart

paid 6.7 billion pounds for it.

“The Issa brothers have a reputation for good brand partnerships, for convenience and for growth and that’s really what we were interested in for Asda,” Judith McKenna, President and CEO of Walmart International told Reuters on Friday.

McKenna said the deal was not about job cuts and the new owners said they are targeting growth by expanding into convenience shops from its

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And now for something completely different: Bill Murray is being threatened by ’70s mellow rock band The Doobie Brothers for unlicensed use of their song “Listen to the Music” in an advertisement for his golf shirts.

In a filing unearthed by The Hollywood Reporter, the easygoing band surprisingly bares its fangs–their attorney Peter Paterno chastises Murray, writing: “It seems like the only person who uses our clients’ music without permission more than you do is Donald Trump… We’d almost be OK with it if the shirts weren’t so damn ugly.”

For those who didn’t even realize Bill Murray has a golf-shirt business, you can go over to William Murray Golf’s official website and decide for yourself about the actor’s sartorial tastes. However, to be fair, it should be noted that golf is a sport where wardrobes are typically garish–anyone who has ever caddied for a summer knows this all too

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Before Abe, Gus and Rudy Penas’ beloved mother died of complications due to diabetes and kidney failure, she made her sons promise her that they would lead healthier lives.

Nearly five years later, all three brothers have each lost at least 100 pounds and started their own business delivering healthy food to people in their hometown of Houston.

“That really opened my eyes, that I needed to get it together,” Abe Pena, 35, the oldest brother, told “Good Morning America” of his mother’s death. “She always told me to take care of myself and I couldn’t let her down.”

PHOTO: Abe, Gus and Rudy Pena pose with their mother before her death, in this undated photo. (Courtesy Abe Pena)

Abe Pena took the lead of caring for his brothers, who were in their early 20s and late teens when their mom died. Their father had left the family a

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