Wal-Mart Looks to Buy South African Chain

BENTONVILLE, Ark. — Wal-Mart Stores on Monday said it has made a preliminary offer to acquire South African retailer Massmart Holdings for about $4.2 billion.

BENTONVILLE, Ark. — Wal-Mart Stores on Monday said it has made a preliminary offer to acquire South African retailer Massmart Holdings for about $4.2 billion.

Massmart, based in Johannesburg, operates 290 stores in 13 African countries, with the majority in South Africa. It operates eight different wholesale and retail chains under several different banners. Its stores offer general merchandise, home impr

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