Wal-Mart Offers to Buy Massmart for 29.8 Billion Rand

Wal-Mart Offers to Buy Massmart for 29.8 Billion Rand

Davis Turner/Bloomberg

Wal-Mart Stores Inc. plans to buy Massmart Holdings Ltd. for 29.8 billion rand ($4.2 billion) in a transaction that would add 290 stores in 13 African countries.