Walmart Wants to Sell Asda -- Again
Two years ago, Walmart (NYSE: WMT) announced that it would sell its Asda supermarket chain (Britain's third-largest) to Sainsbury (Britain's second-largest) for $10 billion in cash and stock.
Antimonopoly regulators stepped in to quash the deal, however, so the sale never happened.
A year later, Walmart floated the idea of unloading Asda in an IPO -- but that, too, has not yet happened.
Source Fool.com
