Reuters breaks news on Wal-Mart $2.7 bln takeover bid for Chile’s biggest supermarket chain

Reuters broke Chiles biggest retail story of the year on Dec. 19 with news that retail giant Wal-Mart was launching a $2.7 billion takeover bid for Chiles biggest supermarket chain, D&S. DBS shares jumped more than 25 percent on the news. The Reuters headlines hit the screen 18 minutes before Bloomberg could respond, and Dow Jones did not match for a full day. The story was widely cited in local and global media, and ran in its full length in the print edition of the New York Times.