BENTONVILLE, Ark. — Wal-Mart Stores here on Monday said it has offered to acquire 51% of the shares of Massmart Holdings Limited, the diversified South African retailer, for about $2.4 billion. Wal-Mart had previously disclosed it was discussing the acquisition of the whole company for $4.6 billion. The deal would give Wal-Mart its first presence in Africa. "The more we learn about South Africa and the surrounding countries the more we are convinced that this is an important region with ...

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