Walmart close to picking preferred bidder for Asda

// Asda owner Walmart is due to pick a preferred bidder amid the sales process
// The US giant will choose between private equity firms Apollo and TDR Capital
// Private equity firm Lone Star dropped out of the race earlier this monthAsda owner Walmart is reportedly close to picking the preferred bidder, as the grocer’s sale process continues.
The board of Walmart is due to choose between private equity firms Apollo and TDR Capital, which have both submitted bids to take a majority stake i