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| Name | Symbol | Market | Type |
|---|---|---|---|
| Massmart Holdings Ltd (PK) | USOTC:MMRTY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.80 | 6.54 | 8.27 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
Shareholders in South Massmart Holdings Ltd. (MSM.JO) have Monday agreed to sell a controlling stake in the African retailer to Wal-Mart Stores Inc. (WMT) for $2.39 billion.
Shareholders voted almost 98% in favor of a deal to sell a 51% stake in Massmart to the Bentonville, Ark.-based retail giant for 148 rand ($21.36) a share, the company said. The transaction, which remains subject to regulatory approvals, needed the support of at least 75% of Massmart shareholders.
Massmart operates several wholesale and retail chains, including Game general-merchandise stores, Builders Warehouse for construction and Makro warehouse-club stores. The bulk of the company's 288 stores are in South Africa, although Massmart also operates in 13 other sub-Saharan countries.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848; robb.stewart@dowjones.com
1 Year Massmart (PK) Chart |
1 Month Massmart (PK) Chart |
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