Good Guys appoint banks for IPO and ASX listing

The-Good-GuysThe Good Guys has appointed Credit Suisse, Goldman Sachs and UBS as joint lead managers to oversee its planned initial public offer and ASX listing, though still remains opens to a potential takeover.

The retailer has also appointed Helfen Corporate Advisory as an independent financial adviser.

The Good Guys also stated it would ‘consider any alternate ownership proposals that emerge’ in a media announcement. The electronics and whitegoods retailer also asserted that “transition to 100 per cent ownership of the store network is proceeding well and remains on track for completion at the end of the current financial year.”

Last week JB Hi-Fi released a statement responding to speculation it is considering a takeover of the whitegoods retailer.

The Good Guys has annual sales of approximately $2 billion and operates 100 large-format stores across metropolitan and regional Australia.

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