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The Good Guys Call In Heavyweights, For Float

By David Richards | Monday | 23/05/2016

The Good Guys has appointed Credit Suisse, Goldman Sachs and UBS as joint lead managers to support its planned initial public offer and listing on the Australian Securities Exchange.

They have also bought on board Helfen Corporate Advisory as independent financial adviser.

The Good Guys said that will also consider any alternate ownership proposals that emerge.

A press release sent out by The Good Guys today confirms that the Company has annual sales of approximately $2 billion.

The Good Guys who operate over 100 large-format stores across metropolitan and regional Australia is currently in discussions with JB Hi Fi and South African Group Steinhoff International, any offer from Harvey Norman will not be considered say insiders.

Last week Gerry Harvey Chairman of Harvey Norman appealed to the Australian Competition and Consumer Commission to be allowed to submit a bid.

More to follow.

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