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Market Cheers Wal-Mart Chile Buy

Dec 23, 2008

Analysts are upbeat about Wal-Mart’s intentions to acquire Chilean retailer DyS for up to $2.8bn, or 40.8 cents per share in cash. They say the price is attractive for the seller and will allow the US giant to enter other LatAm markets where it is not already present. Francisco Errandonea, head of equity research...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

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