(Bloomberg) -- Chile's SACI Falabella, the country's biggest department-store chain, agreed to buy supermarket owner Distribucion Y Servicio D&S SA for $3.7 billion to form Latin America's second-biggest retailer and expand internatinally.
Falabella will exchange 0.11 share for each share of D&S, D&S Vice President Hans Eben said in an interview yesterday. That values each D&S share at about 300 pesos, 13 percent more than its closing share price yesterday.
Read more at Bloomberg Emerging Markets News
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