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South Africa to let antitrust regulators decide Massmart acquisition conditions
Cape Town, South Africa -- A Tuesday report by Bloomberg said that South Africa’s parliament will let anti-trust regulators decide what conditions to impose on Wal-Mart Stores in its acquisition of Massmart Holdings Ltd.
The Competition Tribunal ruled on May 31 that Wal-Mart could proceed with its $2.4 billion purchase of a controlling stake in Johannesburg-based wholesaler Massmart on condition no jobs are cut for two years.
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Big Lots completes Liquidation World purchase, makes exec appointments
Columbus, Ohio -- Big Lots announced Tuesday that it has completed its acquisition of Brantford, Ontario-based Liquidation World, representing Big Lots’ first foothold outside of the United States.
Closeout retailer Liquidation World currently operates 89 stores in Canada.