Johannesburg - As expected by traders, shares in Massmart
Holdings [JSE:MSM] fell 5.49% during trade on Friday, due to corporate action.
Thursday was the last day for investors to buy Massmart
shares if they wanted to participate in the scheme in which Walmart would buy
51% of the JSE-listed group.
"There's nothing untoward going on. It's just due to
the corporate action, and the selling of 51% at R148 a share," a local
Walmart's R16.5bn bid for 51% of Massmart, owner of Game,
Makro, Builders Warehouse and others, won Competition Tribunal approval last
month with minimal conditions.
At 11:22 shares were trading at R133.66 from R141.25.