Market Currents
Wal-Mart (WMT +0.1%) closes a deal to acquire a 51% stake in South African-based Massmart...
-
Monday, June 20, 2011, 9:54 AM ETWal-Mart (WMT +0.1%) closes a deal to acquire a 51% stake in South African-based Massmart (MMRTY.PK) for 148 rand, or $21.80, per Massmart ordinary share. Under the agreement, Wal-Mart will be entitled to nominate the chairman and three non-executive directors to Massmart's board. However, Wal-Mart has asked Massmart's Mark Lamberti to stay on as chairman.
Other date
Latest Consumer Articles
