Wal-Mart Bids $4.25 Bil. for S. Africa's Massmart
By wchung | 20 Apr, 2025
Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion.
A deal would give the world’s largest retailer an opening to expand in Africa, a fast-growing region.
Wal-Mart said Monday that it would pay 148 rands ($21.11) per share for Massmart, which has 201.5 million shares outstanding according to Thomson Reuters.
Massmart, based in Johannesburg, runs 290 stores in 13 countries in Africa, with most majority in South Africa. It also manages eight wholesale and retail chains under various brand names.
Wal-Mart is based in Bentonville, Ark.
BENTONVILLE, Ark. (AP)
Articles
- Golden State Valkyries get a little more golden, and Olivia Munn not onboard with Celebrity Space Flight
- Yoga, White Enthusiasts and the Indian Sensibility
- Grizzlies’ Asian Rookie Duo Top NBA Height Disparity
- Robert Hur Represents Harvard in Existential Clash with White House
- Battles between Aliens and Humans Reported by Intelligence Agencies
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals