Wal-Mart goes to Africa

"Wal-Mart Stores Inc. made an aggressive but expensive bid to expand in Africa ahead of its international competitors, offering to buy South African retailer Massmart Holdings Inc. for 32 billion rand ($4.6 billion). Wal-Mart's proposed offer—the company's biggest acquisition in more than a decade—would represent a relatively high premium for Massmart, a 290-store chain operating in 13 African nations." Read more here.o

Wal-Mart goes to Africa