Content about Johannesburg Stock Exchange

October 28, 2010

New York City - Wal-Mart Stores is considering taking a smaller stake in South African retailer Massmart Holdings Ltd. to keep its listing on the Johannesburg Stock Exchange, the Associated Press reported.

New York City - Wal-Mart Stores is considering taking a smaller stake in South African retailer Massmart Holdings Ltd. to keep its listing on the Johannesburg Stock Exchange, the Associated Press reported.

Massmart said Thursday that Wal-Mart informed the company that it may now make a partial offer to buy more than 50% of the company for 148 rands ($21.06) per share.

In September Wal-Mart offered to buy all of Massmart for about $4.25 billion.