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Wal-Mart Stores |
: |
Massmart Holdings (51%) |
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Dealogic Deal # : |
708049 |
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Data as of : |
11/29/2010 |
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Target |
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Acquiror |
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Dates & Values |
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Massmart
Holdings (51%) |
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Wal-Mart
Stores |
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Target: |
51 |
% stake |
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Buying: |
51 |
% stake |
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Rumored |
- |
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Deal Value $m |
2,328.2 |
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JO |
MSM |
201 |
m shares outstanding |
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Public (Listed) |
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Announced |
27th Sep 2010 |
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Value ex Debt $m |
2,328.2 |
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South Africa |
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United States |
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Retail |
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Retail |
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Expected |
4Q 2010 |
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Consideration |
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Goldman Sachs | Advisor |
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JPMorgan | Advisor |
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Completed |
- |
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Deutsche Bank | Advisor |
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Rothschild | Advisor |
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Edward nathan | Attorney |
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Morgan Stanley |
Fairness Opinion |
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Withdrawn |
- |
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Webber Wentzel |
Attorney |
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Termination Fee, Target $m |
tbd |
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Termination Fee, Acquiror $m |
tbd |
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Financials |
30th Jun 2010 |
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Balance Sheet |
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Debt/Equity: |
3 |
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Timeline Events |
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Premiums & Multiples |
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Initial Offer |
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SAR 148.00 |
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Current Offer |
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SAR 148.00 |
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Income Statement |
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Cash Flows |
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Operations $m |
|
179 |
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Profitability |
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Profit Margin |
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4% |
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Return on Equity |
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34% |
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League Table Impact |
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Sector Trend |
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2010 YTD Announced Global M&A by Deal
Value, $bn |
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Monthly Announced Global M&A, $bn: |
Retail |
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1 |
Morgan Stanley |
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506.7 |
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2 |
Goldman Sachs |
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482.1 |
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3 |
JPMorgan |
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424.5 |
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4 |
Credit Suisse |
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402.1 |
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5 |
BOA Merrill Lynch |
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322.9 |
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6 |
Deutsche Bank |
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322.0 |
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7 |
Citi |
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307.7 |
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8 |
UBS |
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304.9 |
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9 |
Barclays Capital |
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291.4 |
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10 |
Rothschild |
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254.0 |
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© 2010 Dealogic.
All rights reserved. |
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