January 18, 2011

Massmart Shareholders Accept Wal-Mart Bid

South African retail giant Massmart's shareholders have approved Wal-Mart's bid to purchase 51% of the company, allowing Wal-Mart to step into the African market for the first time. A previous post had described the deal, which now must be approved by South African anti-monopoly regulators.

No comments:

Post a Comment