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Wumart Buys Thai Group's Chinese Stores In $302M Deal

By Karlee Weinmann (October 15, 2013, 4:38 PM EDT) -- Private equity-backed supermarket chain Wumart Stores Inc. will swallow up three dozen north and east China stores operated by rival retailer CP Lotus Corp. to expand its footprint in the regions through a stock swap worth HK$2.3 billion ($302 million), it said Tuesday....

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