Japan recently passed a law to allow for triangle mergers - foreign companies can use local subsidiaries to acquire Japanese firms through stock swaps.

Wal-Mart owns 54% of supermarket operator Seiyu Ltd. with the rights to expand its stake to 66% by the end of 2007.

Wal-Mart lost out to Aeon Co. in its attempt to tie up with Daiei Inc….but, Wal-Mart has NOT decided to go home and pout.

Rather, the company is looking for other buyout opportunities...not ruling out even attempting a hostile takeover or two.

The consumer is the one who benefits when Wal-Mart gets involved. All things considered, Wal-Mart can deliver products more cheaply.

What do you think?