Wal-Mart Stores (WMT) is planning a $4.6 billion offer for South African retailer Massmart.
The deal would value Massmart at 148 rand ($21.10) a share, Bloomberg News said. That’s 9.8% higher than the company’s last closing price.
“We are continuing to deploy our strategy to accelerate growth and improve returns in our international business and this region of the world fits with our focus on…
Continue reading Wal-Mart Plans $4.6 Billion Move for South Africa’s Massmart
Wal-Mart Plans $4.6 Billion Move for South Africa’s Massmart originally appeared on DailyFinance on Mon, 27 Sep 2010 06:51:00.
Filed Under: Company News, Investing, Wal-Mart Stores, Retail