The Good Guys proceeds with $800m IPO even as JB Hi-Fi interested in purchase

 In Australia, NewZealand
Appliances retailer The Good Guys is pressing ahead with plans for an $800 million initial public offer despite strong interest from trade buyers including JB Hi-Fi and Steinhoff International.
Chairman Andrew Muir confirmed on Monday that he had appointed Credit Suisse, Goldman Sachs and UBS as joint lead managers for a planned initial public offer.
However, Mr Muir said he would also consider any alternate ownership proposals that emerged. Sydney Morning Herald – Read more…

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