Walmart set to choose preferred bidder in Asda deal

Asda fascia

The Walmart board convened last week to decide on its preferred bidder in the Asda takeover deal.

Walmart, which has owned Asda for the last 21 years, is deciding between private equity giants Apollo and TDR Capital, both of whom have submitted bids to become the majority stakeholder.

Any deal would see Asda valued at around £6.5bn.

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