Major League Baseball’s worldwide spread is facing slow going in China and Africa. But America’s favorite pastime is working hard to find friends in both areas, starting with footholds in Taiwan and South Africa. MLB is clearly…
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.
“We continue to be excited by the opportunity to invest in…
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.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News
The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed’s $600 billion bond buying plan, which could further devalue the dollar. World leaders say the mov…
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.
Walmart is now weighing up the option of buying a stake in Massmart greater than 50% of the company. The price would remain…
Continue reading Walmart Considers Scaling Back Massmart Plans
Walmart Considers Scaling Back Massmart Plans originally appeared on DailyFinance on Thu, 28 Oct 2010 06:44:00.
Filed Under: Company News, Wal-Mart Stores, Retail, Stocks in the News
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 continuin…