Australia's JB Hi-Fi buys The Good Guys for $870 million
( September 13, 2016, 02:11 GMT | Official Statement) -- MLex Summary: Australian home entertainment retailer JB Hi-Fi has agreed to buy rival electronics and whitegoods retailer The Good Guys for $870 million, creating a combined retail network of 295 stores in Australia and New Zealand. The acquisition has already been cleared by the Australian Competition and Consumer Commission, but is still subject to closing conditions. The company's full statement is attached. ...
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