Alex_Ari

Billionaire Richard Baker reveals he had Target and Walmart in an all out bidding war to buy a Canadian grocery chain he owned which sold for $1,850,000,000 "I got my first bid from Walmart. They would take 80 stores or 90 stores for $800,000,000. And I said, ‘That doesn't work.’” “Then Target came up to $1,000,000,000 and then Walmart came up to $1,200,000,000, and then I went back to Target. Back and forth, back and forth." "Finally, I get a call from Target saying, 'We'll take all of it for $1,850,000,000. We'll give you $900,000,000 at closing and the balance 90 days later.'”