WAL-MART OPENS TENDER FOR CONTROL OF CIFRA

BENTONVILLE, Ark. (FNS) -- Wal-Mart here began its $1.2 billion tender offer last week to buy a controlling interest in its Mexican joint-venture partner, Cifra SA de CV. ansion in Mexico.Retail analysts noted that Wal-Mart has the cash flow to fund expansion in Mexico, where growth outpaces U.S. growth.Under the offer, Wal-Mart plans to buy 593 million shares, priced at $2.03 each, of Cifra SA de

BENTONVILLE, Ark. (FNS) -- Wal-Mart here began its $1.2 billion tender offer last week to buy a controlling interest in its Mexican joint-venture partner, Cifra SA de CV.

ansion in Mexico.

Retail analysts noted that Wal-Mart has the cash flow to fund expansion in Mexico, where growth outpaces U.S. growth.

Under the offer, Wal-Mart plans to buy 593 million shares, priced at $2.03 each, of Cifra SA de CV. The tender offer expires Aug. 22.

Upon completion of the

Register to view the full article

TAGS: Walmart