Wal-Mart Bids for Chilean Food Retailer

BENTONVILLE, Ark. — Wal-Mart Stores here yesterday said it was seeking to acquire Distribución y Servicio D&S S.A., a publicly traded supermarket operator in Chile.

The offer of 40.8 cents per share (U.S.) represents a premium of 37.4% over the average closing price for the last 30 days, Wal-Mart said. Reports said that if Wal-Mart acquired all of the shares, the price would be about $2.8 billion.

D&S is said to be Chile's largest supermarket operator, with 140 locations under various formats.

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