But no decision made.
JB Hi-Fi has confirmed to shareholders that it continues to participate in the sale process of The Good Guys but has no made no decision and nor has it entered into any agreement with respect to an acquisition. The statement followed the decision by the ACCC not to oppose the deal between the two retailers.
“JB Hi-Fi understands that The Good Guys are looking at a range of options including an IPO on the ASX,” CEO Richard Murray said in a company statement.
“JB Hi-Fi evaluates all possible opportunities against a range of factors and would only pursue an acquisition if it made compelling financial sense for its shareholders. The company is aware of its continuous disclosure obligations under the ASX Listing Rules and will ensure it is in full compliance at all times,” the statement continued.
Late last month, Murray re-affirmed his position on The Good Guys acquisition with Appliance Retailer, making reference to a previous statement on the ASX.
JB Hi-Fi is due to release its full-year financial results on Monday.