Eat or be eaten! That's the choice observers say is facing major retailers in Europe in the wake of Wal-Mart's pending acquisition of U. K.-based Asda. Carrefour apparently chose to dine, disclosing plans earlier this month to acquire Promodes, and other mergers are expected to follow as Wal-Mart Corp., the Bentonville, Ark.-based giant whose footsteps have been shaking up U.S. retailing for more than a decade, begins pacing around Europe. While Wal-Mart has operated stores in Germany for ...

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