Kingfisher's attempt to acquire Asda has been trumped by a $6.72 billion agreed offer from retail titan Wal-Mart. The cash deal of 220p per share is a 24.6 per cent premium on the share price before it revealed it was in talks with Kingfisher. Its offer was equivalent to 186p per share.
The deal builds on distie's earlier promise to distribute a broader range of electrical goods
Services firm sees revenue increase 23 per cent
Execs Zak Virdi and Neil Lomax open up on the rationale behind acquisition
CEO Steve Brazier slams vendor titans at annual event in Barcelona