Market Cheers Wal-Mart Chile Buy

Market Cheers Wal-Mart Chile Buy

Chile

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 at Santander Investments in Chile, believes the price is decent for the seller and he is positive the deal will be approved by DyS shareholders and regulators. “Our objective price fo

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