Wal-Mart (WMT) is now in its fifth week of due diligence on Massmart (MMRTY.PK), the South...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT) is now in its fifth week of due diligence on Massmart (MMRTY.PK), the South African firm Wal-Mart may buy for 32B rand ($4.6B). Masmmart, which operates warehouse-sized discount retail stores, would give Wal-Mart a head start in sub-Saharan Africa over European rivals Carrefour (CRERY.PK) and Tesco (TSCDY.PK).