BENTONVILLE, Ark. — Wal-Mart Stores here on Monday said it has offered to acquire 51% of the shares of Massmart Holdings Limited, the diversified South African retailer, for about $2.4 billion.
Wal-Mart had previously disclosed it was discussing the acquisition of the whole company for $4.6 billion. The deal would give Wal-Mart its first presence in Africa.
"The more we learn about South Af