SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Wal-Mart -- Ignore unavailable to you. Want to Upgrade?


To: Dennis who wrote (811)8/2/1999 10:26:00 AM
From: JakeStraw  Respond to of 1166
 
Sunday August 1, 10:29 pm Eastern Time

Lloyds TSB mulling Wal-Mart link-paper

LONDON, Aug 2 (Reuters) - British bank Lloyds TSB Group Plc (quote from Yahoo! UK & Ireland: LLOY.L) is mulling a link with Wal-Mart Stores Inc (NYSE:WMT - news), following the U.S. retailer's proposed acquisition of ASDA Group Plc (quote from Yahoo! UK & Ireland: ASSD.L), with which the bank already has links, the Guardian newspaper reported.

Citing unnamed industry sources, the newspaper said that there had not been any discussions between the two so far, but said that there are ''internal debates'' at Lloyds TSB about approaching Wal-Mart.

It noted however that no approach was expected any time soon.

The newspaper said that Lloyds TSB, which has rented space in several of the British supermarket's premises to sell financial services, viewed any possible link-up with Wal-Mart as a cheap way of getting exposure to the U.S. market.

Lloyds TSB said it was not its policy to comment on reports.



To: Dennis who wrote (811)8/2/1999 1:52:00 PM
From: JakeStraw  Read Replies (1) | Respond to of 1166
 
biz.yahoo.com
NEW YORK, Aug 2 (Reuters) - A massive supply wave is expcted to sweep through the U.S. corporate bond market this
week lead by a $5.0 billion offering from Wal-Mart Stores Inc. (NYSE:WMT - news), dealers said on Monday.

Following a two-week roadshow in Europe and the United States, the retailer is expected to sell its highly-anticipated offering
by mid-week, market players said.

The three-part deal will include $1.0 billion in two-year notes, $2.0 billion in five-year notes and another $2.0 billion in 10-year
notes, dealers said.

The deal is expected to attract investors looking for large liquid issues with quality names.

''I think Wal-Mart is the last remaining AA credit in the retail sector, that and its powerful position within the retail area is
going to attract investors,'' said Douglas Williams, vice president and portfolio manager at First Capital Group,....