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Hedge fund short-sellers to target Wal-Mart Mexico

Reuters – Hedge fund managers are bracing for selling pressure in shares of Wal-Mart Stores Inc on Monday, but market experts said it is the retail giant’s less visible Mexican unit that could be the more attractive target for short sellers.

The New York Times reported on Saturday that Wal-Mart de Mexico, which is 69 percent owned by Wal-Mart Stories Inc, had orchestrated a widespread bribery campaign in 2005 to win market dominance. The investigative article alleged that senior Wal-Mart executives knew about the matter and tried to cover it up.

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