JOHANNESBURG, South Africa — Shareholders of Massmart here have voted to approve Wal-Mart Stores' $2.4 billion offer to acquire a majority stake in the company, paving the way for Wal-Mart’s first presence in Africa. More than 97% of shareholders voting in a special meeting Monday approved the offer, Massmart said. The acquisition still requires certain government approvals and is expected to be complete within two months, Massmart said. Wal-Mart originally had discussed a $4.6 billion ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.