Walmart plans to raise up to $3.74 billion from the sale of its JD.com stake, according to a term sheet
(Reuters) – U.S. retailer Walmart plans to raise up to $3.74 billion by selling its stake in Chinese e-commerce company JD.com, according to a letter of intent seen by Reuters on Wednesday. According to the term sheet, Walmart is offering 144.5 million American Depositary Shares at a price range of $24.85 to $25.85, and Morgan […]