Report: Walmart Soliciting September Bids for U.K. Supermarket Asda
Walmart (NYSE: WMT) seems eager to divest its Asda unit sooner rather than later. According to a report from Bloomberg, citing "people familiar with the matter," the big American retailer has requested that suitors for the U.K. supermarket operator submit their next bids by early September. This would represent a second round of bidding; the initial one took place earlier this year. Three companies solicited bids for Asda.