Distribucion y Servicio SA & Wal-Mart Stores Inc | Update Date: 02/01/09 |
| Date Announced: 01/27/09 |
Value (million $USD): 1.10 billion U.S. Dollar 669.83 billion Chilean Peso |
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| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 01/27/09 | | |
| Date Originally Announced | 01/27/09 | | |
| Format | Acq. Rem. Int. | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | n/a |
| Value | 1.10 billion U.S. Dollar 669.83 billion Chilean Peso | Advisor Fees | n/a |
| SYNOPSIS |
| CHILE - Wal-Mart Stores Inc planned to launch a tender offer to acquire the remaining 41.8% stake, or 2. 707 bil ordinary shares, which it did not already own, in Distribucion y Servicio SA, an owner and operator of supermarkets, from the Ibanez Family (40.1%) and other shareholders, for 247.423 Chilean pesos ($0.408 US) per share, or a total value of 669.829 billion pesos ($1.105 bil). |
| TARGET |
| Name | Distribucion y Servicio SA (DYS) |
| Industries | Operators of nonresidential buildings |
| City | Santiago |
| State | n/a |
| Nation | Chile |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Distribucion y Servicio SA {D&S}, headquartered in Santiago, Chile, is in the business of food retail through the different retail formats. It owns and operates supermarkets under the name Express of LIDER, hypermarkets under Hiper of LIDER and the new discount format under the Ekono banner. The company was founded in 1957. |
| Advisors | NULL |
| Target Sales | 3.79 billion U.S. Dollar 2,078.98 billion Chilean Peso |
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| ACQUIROR |
| Name | Wal-Mart Stores Inc (WMT) |
| Industries | Variety stores; Miscellaneous general merchandise stores |
| City | Bentonville |
| State | AR |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | Wal-Mart Stores Inc, headquartered in Bentonville, Arkansas, owns and operates grocery stores and warehouse clubs which offer a wide variety of merchandise, including apparel for women, girls, men, boys and infants as well as curtains, fabrics and notions, candy, stationery and books, shoes, housewares, hardware, electronics, home furnishings, small appliances, automotive accessories, horticulture and accessories, sporting goods, toys, cameras and supplies, health and beauty aids, pharmaceuticals, jewelry, and food. The company was founded in 1945. |
| Advisors | NULL |
| Acquiror Sales | 399.52 billion U.S. Dollar |
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