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Report: Wal-Mart antitrust hearings in South Africa delayed
Johannesburg, South Africa -- A Tuesday report by Bloomberg said that hearings on a Wal-Mart Stores bid to acquire control of Massmart Holdings Ltd. will be adjourned to May 9, following an earlier announcement on Tuesday that the hearings would proceed this week.
After announcing that it will hear evidence from labor unions and Wal-Mart and Massmart this week and from the government on May 9 and May 10, South Africa’s Competition Tribunal now say the hearing has been adjourned to May 9. -
Stater Bros. acquires two Albertsons stores
SAN BERNARDINO, Calif. — Stater Bros. has entered an agreement to purchase two stores from Albertsons in Lake Elsinore and Hesperia.
Stater Bros. said it expects to take possession of the locations from Albertsons, a Supervalu subsidiary, in mid-May. The California-based supermarket chain also said that the stores would receive several upgrades, including wider aisles, expanded and new full-service departments and energy-efficient refrigeration, skylights and recycling centers.