Walmart Bids for 51% Stake in South African Retailer

by | Nov 29, 2010 | Towing

Walmart (WMT) made an offer for 51% of the shares in South African retailer Massmart Holdings for 148 rand ($20.75) per share.

The offer represents a 19.2% premium over the 30-day weighted average price on Sept. 23, Walmart said in a statement. Sept. 23 was the final trading day before Walmart announced its initial offer.

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Continue reading Walmart Bids for 51% Stake in South African Retailer

Walmart Bids for 51% Stake in South African Retailer originally appeared on DailyFinance on Mon, 29 Nov 2010 06:24:00.

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Walmart Considers Scaling Back Massmart Plans

by | Oct 28, 2010 | Towing

Walmart Stores (WMT) may change its plans to buy South African retailer Massmart, choosing instead to take a majority stake in the company.

This would allow Massmart to maintain its listing on the Johannesburg Stock Exchange, The Wall Street Journal reported.

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Walmart is now weighing up the option of buying a stake in Massmart greater than 50% of the company. The price would remain…

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Walmart Considers Scaling Back Massmart Plans originally appeared on DailyFinance on Thu, 28 Oct 2010 06:44:00.

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