The Walton family, which controls supermarket giant Walmart, intends to sell more than 70 million shares, equivalent to about 2% of the family business.
Walton Entreprise, controlled by Rob Walton, Alice Walton, Jim Walton and the John Walton Estate Trust, will register for sale 70,615,608 of the company’s shares, Walmart said in a filing with the Securities and Exchange Commission.