US retail giant Walmart plans to buy out shareholders in Massmart and delist the company from the JSE. Massmart owns Makro, Game and Builders Warehouse. Its share price skyrocketed about 40 percent after the announcement. Story here:
JOHANNESBURG - US retail giant Walmart plans to buy out shareholders in Massmart and delist the company from the JSE.
Its share price skyrocketed about 40 percent after the announcement.The value of its investment has slumped by 80 percent since then as the retailer struggled in a weak economy with increased competition.
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