JB Hi-Fi Limited
(ASX:JBH) has today addressed speculation that it intends to acquire its competitor, The Good Guys.
The electronics retailer has confirmed that it is only having "preliminary" and "exploratory" discussions with The Good Guys about a potential acquisition.
JB Hi-Fi also says that The Good Guys are looking into a range of options, such as an IPO on the ASX.
JB Hi-Fi’s CEO, Richard Murray, says that it would only pursue an acquisition if it made compelling sense for its shareholders.
JB Hi-Fi reported a net profit of $95.19 million at 31 December 2015.
