Wal-mart (WMT) Declines to Comment on 'Speculation' of Sam's Club Spin-Off

October 19, 2016 2:38 PM EDT

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Wal-mart (NYSE: WMT) declined to comment on market chatter that suggested it hired advisors to explore a potential spin-off of Sam's Club. Volume in Wal-mart and related call options picked up earlier after rumors about the potential transaction surfaced.

We don't comment on rumors and speculation, said a company spokesperson in response to an inquiry.

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