Walmart’s African expansion: $377m Massmart buyout
Walmart’s African expansion: $377m Massmart buyout US retail giant, Walmart (WMT.N) has made a $377.6 million (6.4 billion Rand) offer to purchase the remaining 47% of South African retailer Massmart (MSMJ.J). Shares of Massmart surged 46% after the ailing company announced news of the offer on August 29. Today, we take a look at Walmart’s […]
