Wal-Mart 'lining up takeover bid for Matalan'

Asda owner Wal-Mart was today reported to be lining up a £1bn (€1.5bn) takeover bid for discount clothing chain Matalan.

Sun, 29 Aug, 2004 - 13:42

Asda owner Wal-Mart was today reported to be lining up a £1bn (€1.5bn) takeover bid for discount clothing chain Matalan.

Senior executives of Wal-Mart and their financial advisers at investment bank Lazard were in the UK this month to weigh up an approach, according to the Sunday Express.

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