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Wal-Mart Stores Inc Considers To Make Bid For ParknShop Being Sold By Li Ka-shing - Reuters


Wednesday, 7 Aug 2013 12:22am EDT 

Reuters reported that Li's Hutchison Whampoa Ltd has set an August 16 deadline for initial bids for ParknShop, which it values at as much as $4 billion, sparking interest from corporate and private equity buyers. Wal-Mart, is working with a bank as it weighs its options for ParknShop ahead of next week's preliminary bid deadline. Wal-Mart declined to comment. The sources declined to be identified because the discussions are confidential. Li's Hutchison Whampoa is being advised by Bank of America Corp and Goldman Sachs on a strategic review of the ParknShop supermarket business that could lead to a sale. 

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