Muir family may keep 40% stake in Good Guys

Good Guys Executive Chairman Andrew Muir

By Emily Bencic

If The Good Guys do not accept the $850 million offer from JB Hi-Fi and decide on a public float, the Muir family could retain up to 40% of the business, according to an article that appeared in the SMH.

JB Hi-Fi reportedly dispatched an offer for The Good Guys late last week and sources claim that it is near the top of the shortlist. Steinhoff and Tata of India are also competing for The Good Guys business.

At an Australia-Israel Chamber of Commerce lunch in Sydney last month, The Good Guys CEO Michael Ford confirmed that he would prefer an initial public offering.

Read more here.

This story first appeared in Appliance Retailer.