-
South Africa:
Tribunal Imposes Conditions on U.S. Retailer's Investment
SAPA, 31 May 2011
US retail giant Walmart can go ahead and acquire a controlling stake in Massmart, with conditions, the Competition Tribunal said on Tuesday. Read more »
-
South Africa:
Competition Tribunal Explains Reasons for Wal-Mart Decision
Competition Tribunal, 31 May 2011
The Competition Tribunal has today approved the merger between Wal-Mart Stores Inc. of the United States (“Walmart”) and South African retailer Massmart Holdings… Read more »
-
South Africa:
No Free Pass for Wal-Mart, Says World Union Group
UNI Global Union, 31 May 2011
A global trade union coalition today said the decision from the South African Competition Tribunal to approve the merger of global retail giant Walmart with local retailer Massmart… Read more »
-
South Africa:
Walmart, Massmart Welcome Tribunal Ruling
Massmart, 31 May 2011
The Competition Tribunal today announced that the Walmart and Massmart merger can proceed to finality and has accepted the conditions proposed by Walmart and Massmart, which… Read more »
-
South Africa:
Walmart-Massmart Merger Approved With Conditions
BuaNews, 31 May 2011
Walmart Stores will now trade in South Africa, with the Competition Tribunal having approved its merger with Massmart subject to conditions, said the tribunal. Read more »
-
South Africa:
U.S. Retailer Opposes 'Conditions' on Takeover of Local Firm
SAPA, 16 May 2011
Any attempt to impose conditions on United States retail giant Walmart's R16.5 billion acquisition of Massmart will violate numerous international trade agreements signed by the… Read more »
-
South Africa:
Push for Conditions On Walmart Buy of Massmart
UNI Global Union, 16 May 2011
As the South African Competition Tribunal wound down hearings on the proposed merger of Walmart and Massmart on Monday, the country's Competition Commission changed its… Read more »
-
South Africa:
U.S. Retailer Wal-Mart Sweetens Takeover Deal
Massmart, 16 May 2011
In today's closing arguments before the Competition Tribunal, merging parties Massmart and Walmart maintained that no conditions were necessary but to demonstrate goodwill, they… Read more »
-
South Africa:
Unions Reject U.S. Firm's Takeover of Retailer
SAPA, 11 May 2011
Cosatu has called on the Competition Tribunal to reject Walmart's planned acquisition of Massmart, spokesman Patrick Craven said on Monday. Read more »
-
South Africa:
Massmart-Walmart Competition Hearings Underway
SAPA, 9 May 2011
The Competition Tribunal's hearings into United States retailer Walmart's planned acquisition of Massmart started in Pretoria on Monday with Massmart CEO Grant Pattison taking the… Read more »
-
South Africa:
Unions, Government Meet on Walmart
UNI Global Union, 9 May 2011
A global coalition of trade unions will present its arguments on why Walmart should only be allowed to enter the South African market if it abides by certain … Read more »
-
South Africa:
U.S. Retail Giant Offers U.S. $2.3 Billion Investment in Africa
SAPA, 29 November 2010
Massmart has received written notice from US firm Walmart of its firm intention to make an all cash offer to acquire a 51 percent stake in the SA retailer. Read more »
-
South Africa:
Wal-Mart Argues for Takeover of Local Firm
Competition Tribunal South Africa, 11 May 2011
On 09-16 May 2011 the Competition Tribunal will hear the proposed large merger between retail giants Wal-Mart Stores and Massmart Holdings. The hearing follows the Competition… Read more »
-
South Africa:
Massmart Shares Jump on U.S.$4 Billion Walmart Offer
Business Day, 27 September 2010
Bentonville, Arkansas-based Wal-Mart has chosen retailer Massmart as its vehicle for expansion into Africa over rival Shoprite, even though it has a greater footprint of stores… Read more »
-
South Africa:
Massmart Endorses Employee Union Rights
Massmart Holdings, 30 September 2010
Massmart notes the comments that have been made regarding perceptions of Walmart’s union relationships. Massmart management is mindful that a corporate transaction of this… Read more »
-
South Africa:
Massmart Receives Non-Binding Expression of Interest From Walmart
Massmart Holdings, 27 September 2010
This morning, Massmart issued a cautionary announcement on the Johannesburg Stock Exchange informing our stakeholders that we have received a non-binding expression of interest… Read more »
