Monday, December 22, 2008

Wal-Mart launching takeover of Chile retailer D&S | Industries | Consumer Products & Retail | Reuters

UPDATE 2-Wal-Mart launching takeover of Chile retailer

"SANTIAGO, Dec 19 (Reuters) - U.S. retailing mammoth Wal-Mart Stores Inc (WMT.N) said on Friday it launched an all-cash offer to buy Chile's biggest supermarket chain, D&S DIS.SN(DYS.N), setting itself up to gain a major foothold in one of Latin America's most competitive retail markets.

D&S, Chile's biggest supermarket chain, said in a statement to the Chilean bourse late on Friday that the offer would be made within 10 days and was for $0.408 per share. It was being made in the name of Inversiones Australes Tres Limitada, a unit of Wal-Mart."

No comments: