What will be the fate of the retailer?
It is believed that JB Hi-Fi, Steinhoff and Tata of India are competing for The Good Guys business after indicative bids closed on Friday.
The company is up for sale through Helfen Corporate Advisory and Bank of America Merrill Lynch, while UBS, Credit Suisse and Goldman Sachs are joint lead managers.
Some fund managers believe an initial public offering of The Good Guys is a risky proposition, according to media reports.
