Wal-Mart Stores (WMT.N), the world's biggest retailer, is in talks to purchase French rival Carrefour's (CARR.PA) unit in Brazil, which would make it the country's largest supermarket chain, Valor Economico newspaper reported on Tuesday. In 2009, both companies discussed a tie-up but talks fell through because of a disagreement over price. An acquisition would allow Wal-Mart to leapfrog Grupo Pao de Acucar (PCAR4.SA) to become Brazil's biggest retailer with about 51 billion reais ($31.5 billion) in combined revenue, according to Valor calculations. The newspaper did not provide details on a possible acquisition, including the size and the price being discussed by Carrefour and Wal-Mart.
Wal-Mart Stores, Inc. (Walmart) operates retail stores. Shares of WMT remained unchanged at $48.92. In the past year, the shares have traded as low as $48.77 and as high as $57.90. On average, 11930100 shares of WMT exchange hands on a given day and today's volume is recorded at 5864.
