$10.8 BILLION BID FOR U.K.'S ASDA MADE BY WAL-MART

LONDON (FNS) -- Wal-Mart Stores last week changed the face of European retailing.The U.S. retail behemoth unveiled a $10.81 billion (6.72 billion pound) bid for Asda plc of Leeds, England, Britain's third-largest food retailer, an offer that created wide speculation about an acceleration of international food retail mergers.The transaction would double the size of Wal-Mart's international operations

LONDON (FNS) -- Wal-Mart Stores last week changed the face of European retailing.

The U.S. retail behemoth unveiled a $10.81 billion (6.72 billion pound) bid for Asda plc of Leeds, England, Britain's third-largest food retailer, an offer that created wide speculation about an acceleration of international food retail mergers.

The transaction would double the size of Wal-Mart's international operations to sales of about $25.5 billion (15.8 billion pounds) from the current

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