Walmart Inc. (WMT)

$ 60.17
   
  • Change Today:
    $-0.55
  • 52 Week High: $175.86
  • 52 Week Low: $58.61
  • Currency: US Dollars
  • Shares Issued: 2,724.00m
  • Volume: 17,535,100
  • Market Cap: $163,903m
  • RiskGrade: 117
  • Beta: 0.66

UK retail veterans line up for Asda private equity bid

By Frank Prenesti

Date: Friday 21 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Two veterans of the UK retail industry are preparing to lead rival £6.5bn private equity bids for British supermarket Asda, media reported on Friday citing unnamed sources.
Rob Templeman, a former chief executive of Debenhams, was understood to be assisting Apollo Global Management, while Paul Mason, a former Asda chief executive who once led discount fashion group Matalan and the now defunct Somerfield supermarket, was linked to Lone Star Funds.

Asda owner Walmart resumed talks on the sale of a stake in July, 15 months after the collapse of a planned merger with Sainsbury's. It is understood a deal could be announced by the end of September, the Times and Guardian newspapers both reported.

Talks involving Lone Star and two other private equity firms, Apollo and TDR Capital, paused in April after the coronavirus pandemic hit the UK. TDR was now believed to have dropped out of the process.

Walmart, which bought Asda in 1999, was expected to retain a minority stake in the supermarket under the deal, which could be concluded by the end of the year, according to Sky News which first reported Templeman and Mason's involvement.

While no price for Asda has been revealed, the chain, which is Britain's third largest with more than 600 stores, was valued at about £7bn at the time of the planned merger with Sainsbury's.

Templeman has a long-standing relationship with Apollo, having advised on several deals and chaired Gala Coral, the bookmaker which is now part of GVC Holdings. He currently chairs the roadside rescue group RAC.

Mason ran Asda until 2001 and has since led a number of private equity businesses, including Somerfield and the fashion businesses Cath Kidston, Matalan, New Look and Dr Martens. He previously worked with Asda's chief executive, Roger Burnley, at both Asda and Matalan.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WalMart Market Data

Currency US Dollars
Share Price $ 60.17
Change Today $ -0.55
% Change -0.91 %
52 Week High $175.86
52 Week Low $58.61
Volume 17,535,100
Shares Issued 2,724.00m
Market Cap $163,903m
Beta 0.66
RiskGrade 117

What The Brokers Say

Strong Buy 14
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Total 38
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Trades for 28-Mar-2024

Time Volume / Share Price
16:00 3,453,040 @ $60.17
15:59 3,464 @ $60.19
15:59 200 @ $60.19
15:59 10,500 @ $60.19
15:59 400 @ $60.20

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