By Kymberly Martin
On possible acquisition of The Good Guys.
JB Hi-Fi has made no decision or entered into any agreement with respect to an acquisition of The Good Guys. The retailer was responding to press speculation about its participation in The Good Guys sales process.
In a statement JB Hi-Fi chief executive officer, Richard Murray said JB Hi-Fi remains in the sale process and continues discussions with The Good Guys in regard to a potential acquisition.
“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. JB Hi-Fi understands that The Good Guys continues to assess an IPO on the ASX,” Murray said. “JB Hi-Fi is aware of its continuous disclosure obligations under the ASX Listing Rules and will ensure it is in full compliance at all times.”