date:Dec 17, 2013
A proposed $745 million tie-up between the Chinese supermarket operator Wumart Stores and C.P. Lotus, a retailer in China controlled by the Thai billionaire Dhanin Chearavanont, has fallen apart after the two sides failed to agree on final terms of the deal, both companies said Monday.
Despite extensive negotiations in good faith, C.P. Lotus and Wumart were not able to make sufficient progress in reaching agreement on certain key terms for the proposed transactions, Mr. Dhanins company said Mon