Search results

Its not a merger, Walmart is selling it - don't be fooled. They are getting around £3bn in cash and 29.9% of voting rights in the new company worth just over £4bn. They have sold it quite cheap at just below 6x operating cash but have decent optionality and a couple of seats on the board. If...

Looks like a good deal to me. And all those hedge fund shorts on Sainsbury’s shares have been caned...... Sent from my iPad using Tapatalk