Wal-Mart Completes Buy of Chilean Retailer

BENTONVILLE, Ark. — Wal-Mart Stores here on Friday said it has completed a tender offer for 58.2% of the outstanding shares of Distribucion y Servico (D&S), the largest food retailer in Chile.

The acquisition gives Wal-Mart control of more than 180 stores, 10 shopping centers and 85 financial service branches, Wal-Mart said. D&S’ existing owners will retain 40.1% of the company, with 1.7% held by the public.

Read More of Today's Headlines