Wal-Mart Gets Clearance to Buy 51% of South African Retailer
%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.mytotalretail.com%2Faggregatedcontent%2Fwal-mart-gets-clearance-buy-51-south-african-retailer%2F" target="_blank" class="email" data-post-id="31742" type="icon_link"> Email Email 0 Comments Comments
Massmart shareholders approved the sale of 51 percent of its shares to U.S. retail giant Wal-Mart for $2.45 billion. Wal-Mart offered in late November to purchase ordinary shares of Massmart for $21.47 per share. The offer is a 19.2 percent premium on the 30-day weighted average price on Sept. 23.