JB Hi-Fi mulls takeover of The Good Guys

JB hi-fiJB-Hi-fi has today responded to speculation that it is considering an acquisition 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.”

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