JB Hi-Fi mulls takeover of The Good Guys
The electronics retailer confirmed it is in preliminary discussions with The Good Guys in relation to a proposed sale.
In a company announcement, JB Hi-Fi asserted that at this stage, discussions between the two are ‘preliminary and exploratory in nature.’
“JB Hi-Fi has made no decision and nor has it entered into any agreement with respect to the acquisition of The Good Guys,” said Richard Murray, CEO.
“JB Hi-Fi understands that The Good Guys are looking at a range of options including an IPO on the ASX.”
Murray said that the retailer “evaluates all possible opportunities against a range of factors and would only pursue an acquisition if it made compelling financial sense for our shareholders.”