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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
Status: Pending
TRANSACTION DETAILS
Date Announced01/27/09
Date Originally Announced01/27/09
FormatAcq. Rem. Int.Acquisition techniquesNot Applicable
AttitudeFriendlyAgencyn/a
Value1.10 billion U.S. Dollar
669.83 billion Chilean Peso
Advisor Feesn/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
NameDistribucion y Servicio SA (DYS)
IndustriesOperators of nonresidential buildings
CitySantiago
Staten/a
NationChile
Incorporated inn/a
Public StatusPublic
Business DescriptionDistribucion 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.
AdvisorsNULL
Target Sales3.79 billion U.S. Dollar
2,078.98 billion Chilean Peso
ACQUIROR
NameWal-Mart Stores Inc (WMT)
IndustriesVariety stores; Miscellaneous general merchandise stores
CityBentonville
StateAR
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionWal-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.
AdvisorsNULL
Acquiror Sales399.52 billion U.S. Dollar
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