• Published reports say that Wal-Mart’s Asda Group in the UK is strongly considering trying to acquire J. Sainsbury, with a major concern being whether a bid would create major antitrust and competitive issues.
Other likely bidders would be private equity consortiums.
• The New York Times reports that Wal-Mart “increased its U.S. charitable giving 10 percent last year to $272.9 million…likely defending its position as the country's largest corporate donor of cash. The rate of growth was lower than a year earlier, when Hurricane Katrina relief helped push the annual rise to 19 percent, but it was ahead of Wal-Mart's 7 percent rise in net profit last year.”
Other likely bidders would be private equity consortiums.
• The New York Times reports that Wal-Mart “increased its U.S. charitable giving 10 percent last year to $272.9 million…likely defending its position as the country's largest corporate donor of cash. The rate of growth was lower than a year earlier, when Hurricane Katrina relief helped push the annual rise to 19 percent, but it was ahead of Wal-Mart's 7 percent rise in net profit last year.”
- KC's View:
